Serco Group plc (OTCMKTS:SECCF) Short Interest Update

Serco Group plc (OTCMKTS:SECCF) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,073 shares, a drop of 79.1% from the July 30th total of 5,125 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 268.2 days.

Analysts Set New Price Targets

Several research analysts recently issued reports on SECCF shares. Citigroup reiterated a “buy” rating on shares of Serco Group in a research report on Friday, August 7th. BNP Paribas Exane upgraded 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Serco Group Stock Performance

Shares of SECCF opened at $3.19 on Friday. The business’s fifty day moving average price is $3.14 and its two-hundred day moving average price is $3.51. Serco Group has a 52 week low of $2.66 and a 52 week high of $4.37.

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.