Serco Group plc (OTCMKTS:SECCF) Short Interest Update

Serco Group plc (OTCMKTS:SECCF) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,223 shares, an increase of 107.7% from the June 30th total of 3,478 shares. Based on an average daily trading volume, of 222 shares, the short-interest ratio is currently 32.5 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SECCF shares. Citigroup reiterated a “buy” rating on shares of Serco Group in a research note on Tuesday, July 7th. BNP Paribas Exane assumed coverage on Serco Group in a research note on Monday, April 27th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Serco Group Price Performance

Shares of SECCF stock opened at $3.19 on Friday. Serco Group has a 52 week low of $2.66 and a 52 week high of $4.37. The company has a 50-day simple moving average of $3.25 and a 200 day simple moving average of $3.56.

About Serco Group

Serco Group plc is a UK-based provider of public services and infrastructure management solutions, serving governments and private sector organizations around the world. The company offers end-to-end delivery of mission-critical services, combining operational expertise with technology and consultancy capabilities to support defense, security, transport, health, and citizen services.

In the defense and security sector, Serco delivers training, simulation, and logistics support to armed forces and intelligence agencies.