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

Serco Group plc (OTCMKTS:SECCF) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,478 shares, a decline of 84.2% from the June 15th total of 22,046 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is presently 0.5 days.

Serco Group Stock Performance

Shares of SECCF stock remained flat at $3.06 during midday trading on Friday. Serco Group has a 52 week low of $2.66 and a 52 week high of $4.37. The company’s fifty day moving average price is $3.41 and its 200-day moving average price is $3.60.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BNP Paribas Exane began coverage on shares of Serco Group in a report on Monday, April 27th. They issued a “neutral” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Serco Group in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Serco Group presently has a consensus rating of “Moderate Buy”.

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.