Serco Group plc (OTCMKTS:SECCF) Sees Large Growth in Short Interest

Serco Group plc (OTCMKTS:SECCF) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 7,600 shares, a growth of 111.1% from the August 31st total of 3,600 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is currently 5.1 days. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is currently 5.1 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Serco Group in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Serco Group Trading Down 1.8%

OTCMKTS SECCF opened at $3.26 on Monday. The business’s 50-day moving average price is $3.01 and its two-hundred day moving average price is $2.62. Serco Group has a 12 month low of $1.80 and a 12 month high of $3.34.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.