Mitie Group PLC. (OTCMKTS:MITFY) Short Interest Update

Mitie Group PLC. (OTCMKTS:MITFY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 162 shares, a decrease of 98.4% from the August 15th total of 9,962 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 69,869 shares, the days-to-cover ratio is currently 0.0 days.

Mitie Group Price Performance

OTCMKTS:MITFY remained flat at $11.13 during trading hours on Thursday. 6 shares of the company’s stock traded hands, compared to its average volume of 20,142. The company’s 50-day moving average is $10.42 and its 200 day moving average is $9.66. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.92. Mitie Group has a 12 month low of $7.11 and a 12 month high of $12.11.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank downgraded shares of Mitie Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Mitie Group Company Profile

Mitie Group plc (OTCMKTS: MITFY) is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.