Short Interest in Mitie Group plc (OTCMKTS:MITFY) Drops By 44.0%

Mitie Group plc (OTCMKTS:MITFY) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 1,400 shares, a decline of 44.0% from the November 30th total of 2,500 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.5 days.

Mitie Group Price Performance

Mitie Group stock opened at $5.67 on Friday. The firm has a 50 day simple moving average of $5.77 and a 200-day simple moving average of $6.04. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. Mitie Group has a 12-month low of $4.88 and a 12-month high of $6.68.

Mitie Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.0654 per share. The ex-dividend date is Friday, December 20th.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.