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

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

Mitie Group Trading Down 4.1 %

Mitie Group stock traded down $0.26 during mid-day trading on Friday, hitting $6.03. 4,010 shares of the stock were exchanged, compared to its average volume of 6,399. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. Mitie Group has a 12 month low of $5.08 and a 12 month high of $6.68. The firm’s fifty day simple moving average is $5.72 and its two-hundred day simple moving average is $5.96.

Mitie Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

About Mitie Group

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.