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

Mitesco, Inc. (OTCMKTS:MITIGet Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 17,873 shares, a decrease of 83.7% from the July 30th total of 109,374 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 368,316 shares, the short-interest ratio is currently 0.0 days.

Mitesco Stock Performance

OTCMKTS:MITI remained flat at $0.04 during mid-day trading on Wednesday. 53,572 shares of the company’s stock were exchanged, compared to its average volume of 255,619. The stock has a market capitalization of $1.94 million, a PE ratio of -0.12 and a beta of 5.03. Mitesco has a 12-month low of $0.02 and a 12-month high of $0.40. The firm’s 50 day moving average is $0.06 and its two-hundred day moving average is $0.08.

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

About Mitesco

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Mitesco, Inc does not have significant operations. Previously, it was engaged in healthcare technology and services business. Mitesco, Inc is based in Vero Beach, Florida.

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