Short Interest in Mitie Group plc (OTCMKTS:MITFY) Drops By 47.5%

Mitie Group plc (OTCMKTS:MITFYGet Rating) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,100 shares, a decline of 47.5% from the April 15th total of 4,000 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 3.5 days.

Shares of Mitie Group stock opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a fifty day moving average price of $2.90 and a 200 day moving average price of $3.26. Mitie Group has a 1 year low of $2.50 and a 1 year high of $4.20.

Separately, Zacks Investment Research upgraded shares of Mitie Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th.

Mitie Group Company Profile (Get Rating)

Mitie Group plc, through with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in six segments: Business Services, Technical Services, Care & Custody, Landscapes, Waste, and Interserve. The Business Services segment offers security services, such as manned guarding and technology-backed monitoring solutions, together with fire and security systems installations; cleaning focuses on general, specialist, and technical cleaning services that include clean rooms, high-security environments, and window cleaning; and office services comprises document management, vetting, and front of house.

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