Serco Group plc (OTCMKTS:SECCF) Sees Significant Increase in Short Interest

Serco Group plc (OTCMKTS:SECCF) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,404 shares, an increase of 58.4% from the September 15th total of 1,518 shares. Based on an average daily volume of 13 shares, the days-to-cover ratio is presently 184.9 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SECCF shares. Citigroup restated a “buy” rating on shares of Serco Group in a research note on Friday, August 7th. BNP Paribas Exane raised shares of Serco Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Serco Group Price Performance

Shares of SECCF stock opened at $3.42 on Friday. The business has a 50-day simple moving average of $3.32 and a 200-day simple moving average of $3.39. Serco Group has a 52-week low of $2.97 and a 52-week high of $4.37.

About Serco Group

Serco Group plc is a United Kingdom-based provider of services to governments and other public-sector organizations. The company designs, operates and manages complex services and infrastructure, with activities spanning defense, transport, justice and immigration, health, and citizen services.

Its work includes supporting defense and national security programs, operating and maintaining transportation systems, managing custodial and immigration services, and delivering healthcare and public-service administration.