Serco Group plc (OTCMKTS:SECCF) Short Interest Down 84.2% in June

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

Serco Group Price Performance

OTCMKTS:SECCF remained flat at $3.06 during midday trading on Friday. The company’s 50 day moving average is $3.41 and its 200-day moving average is $3.60. Serco Group has a 1-year low of $2.66 and a 1-year high of $4.37.

Wall Street Analyst Weigh In

SECCF has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of Serco Group in a research note on Tuesday. BNP Paribas Exane started coverage on Serco Group in a 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.