Mitie Group plc (OTCMKTS:MITFF) Short Interest Up 499.8% in April
by Doug Wharley · The Cerbat GemMitie Group plc (OTCMKTS:MITFF – Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 360,313 shares, an increase of 499.8% from the March 31st total of 60,075 shares. Based on an average daily volume of 14 shares, the short-interest ratio is currently 25,736.6 days.
Mitie Group Price Performance
Shares of OTCMKTS MITFF remained flat at $2.39 during trading on Friday. The stock had a trading volume of 2,216 shares, compared to its average volume of 24,020. Mitie Group has a 1 year low of $1.40 and a 1 year high of $2.45. The firm has a 50-day moving average of $2.44 and a 200-day moving average of $2.25.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Mitie Group in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Mitie Group has an average rating of “Moderate Buy”.
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About Mitie Group
Mitie Group plc is a leading provider of facilities management and professional services in the United Kingdom. The company offers an integrated suite of solutions spanning cleaning, security, catering, engineering maintenance, energy management and waste disposal. Through its focus on lifecycle management and sustainability, Mitie helps organisations optimise operational efficiency, reduce environmental impact and maintain compliance across their property portfolios.
Serving both public and private sector clients, Mitie delivers tailored service offerings to industries such as healthcare, education, transportation, retail and government.