Serco Group plc (OTCMKTS:SECCF) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailySerco Group plc (OTCMKTS:SECCF – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 22,046 shares, a growth of 541.2% from the May 31st total of 3,438 shares. Based on an average daily volume of 85 shares, the short-interest ratio is presently 259.4 days.
Wall Street Analysts Forecast Growth
Separately, BNP Paribas Exane began coverage on shares of Serco Group in a research report on Monday, April 27th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Research Report on SECCF
Serco Group Stock Performance
Shares of OTCMKTS:SECCF remained flat at $3.07 during midday trading on Friday. The company’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.63. Serco Group has a 1-year low of $2.66 and a 1-year high of $4.37.
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.