Mitie Group plc (OTCMKTS:MITFY) Sees Large Growth in Short Interest

Mitie Group plc (OTCMKTS:MITFY) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 9,000 shares, a growth of 25.0% from the January 15th total of 7,200 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Mitie Group to a “strong-buy” rating in a report on Wednesday, January 29th.

Mitie Group Trading Down 4.1 %

Shares of MITFY traded down $0.26 during trading hours on Friday, hitting $6.03. The company had a trading volume of 4,010 shares, compared to its average volume of 6,399. The business has a fifty day moving average of $5.72 and a 200-day moving average of $5.96. Mitie Group has a 12 month low of $5.08 and a 12 month high of $6.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.89.

Mitie Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, December 20th will be given a dividend of $0.0654 per share. The ex-dividend date of this dividend is Friday, December 20th.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.