Serco Group plc (OTCMKTS:SECCF) Shares Shorted: Short Interest Up 58.4% in September

Serco Group plc (OTCMKTS:SECCF) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,404 shares, a growth of 58.4% from the September 15th total of 1,518 shares. Based on an average daily volume of 13 shares, the short-interest ratio is presently 184.9 days.

Serco Group Stock Performance

SECCF stock opened at $3.42 on Friday. The firm has a 50 day moving average of $3.32 and a 200 day moving average of $3.39. Serco Group has a 52 week low of $2.97 and a 52 week high of $4.37.

Analyst Upgrades and Downgrades

SECCF has been the subject of several analyst reports. BNP Paribas Exane upgraded shares of Serco Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 12th. Citigroup reiterated a “buy” rating on shares of Serco Group in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Serco Group

Serco Group plc is a United Kingdom-based provider of services to governments and other public-sector organizations. The company designs, operates and manages complex services and infrastructure, with activities spanning defense, transport, justice and immigration, health, and citizen services.

Its work includes supporting defense and national security programs, operating and maintaining transportation systems, managing custodial and immigration services, and delivering healthcare and public-service administration.