Short Interest in Mitesco, Inc. (OTCMKTS:MITI) Decreases By 98.7%

Mitesco, Inc. (OTCMKTS:MITI) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 100 shares, a decrease of 98.7% from the December 15th total of 7,800 shares. Based on an average trading volume of 766,000 shares, the short-interest ratio is currently 0.0 days.

Shares of MITI opened at $0.17 on Friday. The firm has a 50-day moving average price of $0.20 and a 200 day moving average price of $0.24. The firm has a market capitalization of $37.21 million, a PE ratio of -4.37 and a beta of -1.45. Mitesco has a 52-week low of $0.12 and a 52-week high of $0.60.

Mitesco (OTCMKTS:MITI) last posted its quarterly earnings data on Tuesday, November 16th. The company reported ($0.01) EPS for the quarter. The business had revenue of $0.01 million for the quarter. As a group, research analysts anticipate that Mitesco will post -0.03 earnings per share for the current fiscal year.

Mitesco Company Profile

Mitesco, Inc engages in the development, production, and sale of pharmaceuticals. It offers pharmaceutical formulations for both the human and veterinary market. The firm also focuses on the development of software applications in the healthcare arena, including telemedicine; and consideration of services offering using blockchain encryption technology for various aspects of the healthcare industry.

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