Mitie Group plc (OTCMKTS:MITFF) Sees Large Drop in Short Interest

Mitie Group plc (OTCMKTS:MITFF) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 39,458 shares, a decrease of 88.6% from the July 15th total of 344,801 shares. Based on an average trading volume of 11,031 shares, the short-interest ratio is presently 3.6 days.

Mitie Group Stock Performance

Shares of MITFF stock opened at $2.64 on Wednesday. Mitie Group has a 12 month low of $1.75 and a 12 month high of $2.81. The company’s fifty day moving average price is $2.30 and its two-hundred day moving average price is $2.37.

Analysts Set New Price Targets

Several research analysts have commented on MITFF shares. BNP Paribas Exane started coverage on Mitie Group in a research report on Monday, April 27th. They issued a “neutral” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Mitie Group in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut Mitie Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Mitie Group has an average rating of “Hold”.

About Mitie Group

Mitie Group plc is a leading provider of facilities management and professional services in the United Kingdom. The company offers an integrated suite of solutions spanning cleaning, security, catering, engineering maintenance, energy management and waste disposal. Through its focus on lifecycle management and sustainability, Mitie helps organisations optimise operational efficiency, reduce environmental impact and maintain compliance across their property portfolios.

Serving both public and private sector clients, Mitie delivers tailored service offerings to industries such as healthcare, education, transportation, retail and government.