Mitie Group PLC. (OTCMKTS:MITFY) Shares Shorted: Short Interest Up 138.3% in September

Mitie Group PLC. (OTCMKTS:MITFY) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 386 shares, an increase of 138.3% from the August 31st total of 162 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,833 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank downgraded Mitie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Mitie Group presently has an average rating of “Buy”.

Mitie Group Price Performance

OTCMKTS MITFY remained flat at $10.81 during mid-day trading on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.87. The company has a 50 day moving average price of $11.06 and a 200-day moving average price of $9.78. Mitie Group has a twelve month low of $7.11 and a twelve month high of $12.11.

About Mitie Group

Mitie Group plc is a United Kingdom-based facilities management and professional services company. It provides outsourced services that help organizations operate, maintain and improve their buildings, infrastructure and workplaces.

Its services include engineering and technical maintenance, cleaning, security, landscaping, catering, energy management, and workplace services. Mitie also supports customers with decarbonization, energy efficiency, mechanical and electrical systems, fire and security solutions, and technology-enabled facilities management.

The company serves customers across the public and private sectors, including government departments, healthcare organizations, transportation providers, commercial property owners and other large enterprises.