Mitie Group PLC. (OTCMKTS:MITFY) Short Interest Update

Mitie Group PLC. (OTCMKTS:MITFY) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 162 shares, a drop of 98.4% from the August 15th total of 9,962 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 69,869 shares, the short-interest ratio is presently 0.0 days.

Mitie Group Stock Up 3.5%

Shares of OTCMKTS MITFY opened at $11.52 on Friday. The company has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $9.67. 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 12 month low of $7.11 and a 12 month high of $12.11.

Wall Street Analyst Weigh In

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

About Mitie Group

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.