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

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

Analyst Ratings Changes

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

Mitie Group Stock Up 5.3 %

Shares of Mitie Group stock traded up $0.39 during trading on Friday, hitting $7.77. 1,917 shares of the company's stock traded hands, compared to its average volume of 8,527. The firm's fifty day moving average price is $6.21 and its 200 day moving average price is $5.93. Mitie Group has a twelve month low of $5.25 and a twelve month high of $7.77. 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 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.