Mitie Group plc (OTCMKTS:MITFY) Sees Large Decrease in Short Interest

Mitie Group plc (OTCMKTS:MITFY) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 7,100 shares, a decrease of 22.0% from the February 13th total of 9,100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 14,200 shares, the days-to-cover ratio is presently 0.5 days.

Mitie Group Price Performance

Shares of OTCMKTS MITFY remained flat at $5.87 during trading on Monday. 6 shares of the stock traded hands, compared to its average volume of 5,801. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. Mitie Group has a 52-week low of $5.08 and a 52-week high of $6.68. The firm has a fifty day moving average of $5.86 and a two-hundred day moving average of $5.91.

Analyst Upgrades and Downgrades

MITFY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of Mitie Group to a “hold” rating in a research report on Wednesday, February 26th. Berenberg Bank upgraded shares of Mitie Group to a “strong-buy” rating in a report on Wednesday, January 29th.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.