Mitie Group plc (OTCMKTS:MITFF – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 39,458 shares, a decline of 88.6% from the July 15th total of 344,801 shares. Based on an average daily volume of 11,031 shares, the days-to-cover ratio is presently 3.6 days.
Mitie Group Price Performance
OTCMKTS MITFF traded up $0.17 on Friday, hitting $2.81. 1,600 shares of the stock traded hands, compared to its average volume of 10,169. The business’s fifty day moving average is $2.32 and its two-hundred day moving average is $2.38. Mitie Group has a 12 month low of $1.75 and a 12 month high of $2.81.
Analyst Ratings Changes
Several equities research analysts have commented on MITFF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mitie Group in a research note on Wednesday, April 29th. BNP Paribas Exane began coverage on Mitie Group in a research note on Monday, April 27th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered Mitie Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
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.
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