Mitie Group plc (OTCMKTS:MITFF) Short Interest Down 24.6% in January

Mitie Group plc (OTCMKTS:MITFF) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 79,784 shares, a drop of 24.6% from the January 15th total of 105,827 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada began coverage on Mitie Group in a report on Thursday, December 4th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Mitie Group Stock Performance

MITFF opened at $2.42 on Tuesday. Mitie Group has a 12 month low of $1.40 and a 12 month high of $2.42. The company has a fifty day simple moving average of $2.25 and a 200 day simple moving average of $2.08.

Mitie Group Company Profile

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.