Mitie Group PLC. (OTCMKTS:MITFY) Sees Large Increase in Short Interest

Mitie Group PLC. (OTCMKTS:MITFY) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 10,257 shares, an increase of 1,570.5% from the July 15th total of 614 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 9,555 shares, the days-to-cover ratio is currently 1.1 days.

Mitie Group Trading Up 0.6%

Shares of OTCMKTS:MITFY opened at $10.90 on Thursday. Mitie Group has a fifty-two week low of $7.11 and a fifty-two week high of $11.52. The business has a 50-day moving average of $9.34 and a two-hundred day moving average of $9.44. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Mitie Group Company Profile

Mitie Group plc (OTCMKTS: MITFY) is a UK‐based provider of integrated facilities management and professional services. The company delivers a comprehensive suite of solutions including building maintenance, security, cleaning, catering, waste management, energy management, engineering services and project delivery. Through its technology-enabled platform, Mitie focuses on improving operational efficiency, sustainability and compliance for clients across a range of industries.

Founded in 1987 and listed on the London Stock Exchange in 2006, Mitie has grown through a combination of organic development and strategic acquisitions.