Mitie Group PLC. (OTCMKTS:MITFY) Shares Shorted: Short Interest Up 1,486.4% in October

Mitie Group PLC. (OTCMKTS:MITFY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 349 shares, an increase of 1,486.4% from the September 30th total of 22 shares. Based on an average trading volume of 1,034 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut Mitie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mitie Group currently has an average rating of “Buy”.

Mitie Group Price Performance

MITFY stock remained flat at $11.17 during trading on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.87 and a current ratio of 0.89. Mitie Group has a 52-week low of $7.95 and a 52-week high of $12.11. The company has a 50 day moving average price of $11.11 and a 200 day moving average price of $9.87.

About Mitie Group

Mitie Group plc is a United Kingdom-based strategic outsourcing and facilities management company. It provides services to organizations across the public and private sectors, helping customers operate, maintain, secure and improve their buildings, infrastructure and estates.

Its services include facilities management, engineering and technical maintenance, cleaning, security, landscaping, waste management and energy-related solutions. Mitie also supports customers with decarbonization projects, energy efficiency improvements and the transition toward lower-carbon buildings and operations.

The company serves a broad range of customers in the United Kingdom, including central government departments, defense organizations, local authorities, healthcare providers, commercial businesses and infrastructure operators.