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

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

Serco Group Price Performance

Shares of OTCMKTS:SECCF remained flat at $3.06 during midday trading on Friday. The firm’s 50 day moving average is $3.41 and its 200 day moving average is $3.60. Serco Group has a twelve month low of $2.66 and a twelve month high of $4.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Serco Group in a report on Tuesday, July 7th. BNP Paribas Exane started coverage on shares of Serco Group in a research report 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. According to data from MarketBeat.com, Serco Group currently has a consensus rating of “Moderate Buy”.

Serco Group Company Profile

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.