Mitie Group plc (OTCMKTS:MITFF) Short Interest Down 36.9% in December

Mitie Group plc (OTCMKTS:MITFF) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 99,860 shares, a drop of 36.9% from the November 30th total of 158,198 shares. Based on an average daily volume of 243 shares, the days-to-cover ratio is currently 410.9 days. Based on an average daily volume of 243 shares, the days-to-cover ratio is currently 410.9 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada initiated coverage on Mitie Group in a report on Thursday, December 4th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Mitie Group Price Performance

Shares of MITFF opened at $2.21 on Friday. Mitie Group has a 1 year low of $1.26 and a 1 year high of $2.28. The company has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $2.00.

Mitie Group Company Profile

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.