Short Interest in Mitie Group plc (OTCMKTS:MITFF) Drops By 34.8%

Mitie Group plc (OTCMKTS:MITFF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 60,075 shares, a drop of 34.8% from the March 15th total of 92,181 shares. Based on an average daily volume of 917 shares, the days-to-cover ratio is currently 65.5 days.

Mitie Group Price Performance

Shares of MITFF remained flat at $2.45 during midday trading on Wednesday. Mitie Group has a 1-year low of $1.40 and a 1-year high of $2.45. The business’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $2.22.

About Mitie Group

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.