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

Mitie Group plc (OTCMKTS:MITFY - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a decline of 92.3% from the March 31st total of 6,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 46,400 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have commented on MITFY. Berenberg Bank raised shares of Mitie Group to a "strong-buy" rating in a report on Wednesday, January 29th. The Goldman Sachs Group upgraded shares of Mitie Group to a "hold" rating in a research note on Wednesday, February 26th.

Mitie Group Trading Up 5.3 %

MITFY stock traded up $0.39 during mid-day trading on Friday, reaching $7.77. 1,917 shares of the company traded hands, compared to its average volume of 8,527. The company has a fifty day moving average price of $6.21 and a 200-day moving average price of $5.93. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. Mitie Group has a 52-week low of $5.25 and a 52-week high of $7.77.

About Mitie Group

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.

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