Short Interest in Mitie Group plc (OTCMKTS:MITFY) Expands By 25.0%

Mitie Group plc (OTCMKTS:MITFY) was the recipient of a significant increase in short interest during 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 volume of 10,700 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

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

Mitie Group Stock Down 4.1 %

Shares of MITFY traded down $0.26 during trading hours on Friday, hitting $6.03. 4,010 shares of the company were exchanged, compared to its average volume of 6,399. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.89 and a current ratio of 0.90. The firm’s 50 day moving average is $5.72 and its 200-day moving average is $5.96. Mitie Group has a 52 week low of $5.08 and a 52 week high of $6.68.

Mitie Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 19th. Shareholders 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.

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.