Mitie Group plc (OTCMKTS:MITFY) Short Interest Down 92.3% in April

Mitie Group plc (OTCMKTS:MITFY - Get Free Report) was the target of a large decline in short interest in 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 company's stock are sold short. Based on an average trading volume of 46,400 shares, the short-interest ratio is currently 0.0 days.

Mitie Group Stock Performance

Mitie Group stock traded down $0.16 during mid-day trading on Wednesday, hitting $7.54. 4,260 shares of the company's stock were exchanged, compared to its average volume of 8,287. Mitie Group has a 1-year low of $5.25 and a 1-year high of $7.91. The stock has a 50 day moving average of $6.31 and a two-hundred day moving average of $5.97. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.63.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MITFY. Berenberg Bank upgraded Mitie Group to a "strong-buy" rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised Mitie Group to a "hold" rating in a research note on Wednesday, February 26th.

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.