Mitie Group PLC. (OTCMKTS:MITFY) Stock Short Interest Jumps 138.3%

by · The Markets Daily

Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 386 shares, an increase of 138.3% from the August 31st total of 162 shares. Based on an average trading volume of 1,833 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Mitie Group Price Performance

Shares of OTCMKTS:MITFY opened at $10.81 on Tuesday. The firm has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $9.79. Mitie Group has a 52 week low of $7.11 and a 52 week high of $12.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.87.

Analysts Set New Price Targets

Separately, Berenberg Bank downgraded shares of Mitie Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mitie Group presently has an average rating of “Buy”.

Check Out Our Latest Report on MITFY

Mitie Group Company Profile

(Get Free Report)

Mitie Group plc is a United Kingdom-based facilities management and professional services company. It provides outsourced services that help organizations operate, maintain and improve their buildings, infrastructure and workplaces.

Its services include engineering and technical maintenance, cleaning, security, landscaping, catering, energy management, and workplace services. Mitie also supports customers with decarbonization, energy efficiency, mechanical and electrical systems, fire and security solutions, and technology-enabled facilities management.

The company serves customers across the public and private sectors, including government departments, healthcare organizations, transportation providers, commercial property owners and other large enterprises.

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