Short Interest in Mitie Group plc (OTCMKTS:MITFY) Rises By 442.9%

Mitie Group plc (OTCMKTS:MITFY) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 7,600 shares, an increase of 442.9% from the December 15th total of 1,400 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 3.3 days.

Mitie Group Stock Performance

Shares of MITFY traded down $0.06 during midday trading on Monday, reaching $5.25. 213 shares of the stock were exchanged, compared to its average volume of 3,119. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. Mitie Group has a 12-month low of $4.88 and a 12-month high of $6.68. The firm has a 50 day simple moving average of $5.65 and a 200-day simple moving average of $6.00.

Mitie Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, December 20th will be given a dividend of $0.0654 per share. The ex-dividend date is Friday, December 20th.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.