Mitesco, Inc. (OTCMKTS:MITI) Sees Significant Increase in Short Interest

Mitesco, Inc. (OTCMKTS:MITI – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 53,496 shares. Based on an average trading volume of 339,817 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Mitesco Trading Up 1.2%

Shares of OTCMKTS MITI traded up $0.00 during midday trading on Tuesday, reaching $0.08. The company’s stock had a trading volume of 17,800 shares, compared to its average volume of 128,354. The stock has a 50 day simple moving average of $0.05 and a 200-day simple moving average of $0.07. The stock has a market capitalization of $3.81 million, a price-to-earnings ratio of -0.21 and a beta of 4.97. Mitesco has a fifty-two week low of $0.02 and a fifty-two week high of $0.40.

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Mitesco (OTCMKTS:MITI – Get Free Report) last announced its earnings results on Monday, August 17th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.02 million for the quarter.

Mitesco Company Profile

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Mitesco, Inc is a healthcare services company that has focused on developing alternative models for delivering primary care. Through its subsidiary, The Good Clinic, the company pursued a whole-person approach designed to combine routine medical care with preventive health and wellness services.

The Good Clinic’s services included primary care visits, health screenings, care coordination, chronic-condition support and assistance with lifestyle and wellness goals. Its model was intended to provide convenient, relationship-based care outside the traditional hospital setting.

Mitesco’s healthcare activities were primarily associated with clinic operations in Minnesota, including the Minneapolis–Saint Paul area.

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