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

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

Wall Street Analysts Forecast Growth

MITFY has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Mitie Group to a “hold” rating in a report on Wednesday, February 26th. Berenberg Bank raised shares of Mitie Group to a “strong-buy” rating in a research note on Wednesday, January 29th.

Mitie Group Stock Up 1.3 %

Shares of MITFY traded up $0.08 during trading hours on Wednesday, reaching $5.90. 1,438 shares of the stock traded hands, compared to its average volume of 5,621. Mitie Group has a 52 week low of $5.08 and a 52 week high of $6.68. The stock has a fifty day simple moving average of $5.86 and a 200 day simple moving average of $5.91. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.63.

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.