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

Mitie Group plc (OTCMKTS:MITFY) saw a significant drop in short interest during the month of 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. Based on an average daily volume of 14,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Mitie Group Stock Performance

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

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.