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

Mitie Group plc (OTCMKTS:MITFY) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 12,500 shares, an increase of 1,983.3% from the March 31st total of 600 shares. Based on an average trading volume of 37,800 shares, the days-to-cover ratio is currently 0.3 days.

Mitie Group Price Performance

OTCMKTS MITFY remained flat at $5.78 during trading on Thursday. The company’s stock had a trading volume of 126 shares, compared to its average volume of 16,414. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61. Mitie Group has a 12-month low of $4.28 and a 12-month high of $5.96. The firm’s fifty day moving average price is $5.46 and its 200 day moving average price is $5.24.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.