Mitie Group PLC. (OTCMKTS:MITFY) Shares Shorted: Short Interest Up 1,486.4% in October

Mitie Group PLC. (OTCMKTS:MITFY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 349 shares, a growth of 1,486.4% from the September 30th total of 22 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,034 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Berenberg Bank downgraded Mitie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Mitie Group Price Performance

MITFY stock remained flat at $11.17 during midday trading on Wednesday. The company’s stock had a trading volume of 1 shares. Mitie Group has a 1-year low of $7.95 and a 1-year high of $12.11. The business has a 50 day moving average price of $11.11 and a 200 day moving average price of $9.89.

Mitie Group Company Profile

Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It provides services to organizations across the public and private sectors, helping customers operate, maintain, secure and improve their buildings, infrastructure and estates.

Its services include facilities management, engineering and technical maintenance, cleaning, security, landscaping, waste management and energy-related solutions. Mitie also supports customers with decarbonization projects, energy efficiency improvements and the transition toward lower-carbon buildings and operations.

The company serves a broad range of customers in the United Kingdom, including central government departments, defense organizations, local authorities, healthcare providers, commercial businesses and infrastructure operators.