Mitie Group PLC. (OTCMKTS:MITFY) Short Interest Update

Mitie Group PLC. (OTCMKTS:MITFY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 162 shares, a decline of 98.4% from the August 15th total of 9,962 shares. Based on an average daily volume of 69,869 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Mitie Group Price Performance

Shares of OTCMKTS MITFY traded up $0.39 during trading hours on Friday, reaching $11.52. 248 shares of the stock traded hands, compared to its average volume of 4,780. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.87 and a current ratio of 0.89. Mitie Group has a 52-week low of $7.11 and a 52-week high of $12.11. The company’s 50-day simple moving average is $10.42 and its two-hundred day simple moving average is $9.66.

About Mitie Group

Mitie Group plc (OTCMKTS: MITFY) is a UK?based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.