Mitie Group plc (OTCMKTS:MITFY) Sees Large Decline in Short Interest

Mitie Group plc (OTCMKTS:MITFY) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 7,100 shares, a drop of 22.0% from the February 13th total of 9,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 14,200 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MITFY shares. The Goldman Sachs Group raised Mitie Group to a “hold” rating in a research report on Wednesday, February 26th. Berenberg Bank raised Mitie Group to a “strong-buy” rating in a research report on Wednesday, January 29th.

Mitie Group Stock Performance

Shares of MITFY traded up $0.08 during mid-day trading on Tuesday, reaching $5.90. The company’s stock had a trading volume of 1,438 shares, compared to its average volume of 5,621. Mitie Group has a 12-month low of $5.08 and a 12-month high of $6.68. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $5.86 and its 200 day moving average is $5.91.

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.