Stagecoach Group plc (OTCMKTS:SAGKF) Sees Significant Increase in Short Interest

Stagecoach Group plc (OTCMKTS:SAGKF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 4,000 shares, a growth of 60.0% from the September 15th total of 2,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

OTCMKTS SAGKF remained flat at $$0.56 during trading on Friday. Stagecoach Group has a twelve month low of $0.52 and a twelve month high of $2.00. The stock’s fifty day simple moving average is $0.53 and its two-hundred day simple moving average is $0.83.

Several brokerages have commented on SAGKF. Royal Bank of Canada reissued an “outperform” rating on shares of Stagecoach Group in a research report on Wednesday, August 19th. Peel Hunt raised shares of Stagecoach Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 23rd. ValuEngine cut shares of Stagecoach Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Zacks Investment Research cut shares of Stagecoach Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, HSBC upgraded shares of Stagecoach Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Stagecoach Group currently has a consensus rating of “Hold” and a consensus target price of $1.25.

About Stagecoach Group

Stagecoach Group plc, together with its subsidiaries, provides public transportation services in the United Kingdom. It operates through three segments: UK Bus (Regional Operations), UK Bus (London), and UK Rail. The company offers bus, coach, rail, and tram services. It operates city buses primarily in Liverpool, Newcastle, Hull, Manchester, Oxford, Sheffield, Cambridge, and Exeter through a fleet of approximately 7,100 buses and coaches; inter-urban services linking major towns within its regional operating areas, as well as megabus.com, an inter-city coach service; and buses from 10 depots with a fleet of approximately 1,150 buses serving routes in and around east and south-east London.

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