Mitie Group PLC. (OTCMKTS:MITFY) Shares Shorted: Short Interest Up 1,486.4% in October

Mitie Group PLC. (OTCMKTS:MITFY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 349 shares, a growth of 1,486.4% from the September 30th total of 22 shares. Based on an average daily trading volume, of 1,034 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Mitie Group Stock Performance

Shares of OTCMKTS:MITFY remained flat at $11.17 during midday trading on Monday. The business’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $9.87. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.92. Mitie Group has a twelve month low of $7.95 and a twelve month high of $12.11.

Analyst Ratings Changes

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 analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Mitie Group Company Profile

Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It provides services to organizations across the public and private sectors, helping customers operate, maintain, secure and improve their buildings, infrastructure and estates.

Its services include facilities management, engineering and technical maintenance, cleaning, security, landscaping, waste management and energy-related solutions. Mitie also supports customers with decarbonization projects, energy efficiency improvements and the transition toward lower-carbon buildings and operations.

The company serves a broad range of customers in the United Kingdom, including central government departments, defense organizations, local authorities, healthcare providers, commercial businesses and infrastructure operators.