Short Interest in Mitie Group plc (OTCMKTS:MITFY) Declines By 15.6%

Mitie Group plc (OTCMKTS:MITFY - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 6,500 shares, a decline of 15.6% from the March 15th total of 7,700 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

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

Mitie Group Trading Up 5.3 %

Shares of MITFY stock traded up $0.39 during trading hours on Friday, reaching $7.77. The company had a trading volume of 1,917 shares, compared to its average volume of 8,527. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.89. Mitie Group has a twelve month low of $5.25 and a twelve month high of $7.77. The stock's fifty day simple moving average is $6.21 and its 200 day simple moving average is $5.93.

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.