Serco Group plc (OTCMKTS:SECCF) Short Interest Up 107.7% in July

Serco Group plc (OTCMKTS:SECCF) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,223 shares, an increase of 107.7% from the June 30th total of 3,478 shares. Based on an average daily trading volume, of 222 shares, the short-interest ratio is currently 32.5 days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SECCF. BNP Paribas Exane began coverage on Serco Group in a report on Monday, April 27th. They set a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Serco Group in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Serco Group has a consensus rating of “Moderate Buy”.

Serco Group Price Performance

Shares of SECCF stock remained flat at $3.19 during trading hours on Thursday. Serco Group has a one year low of $2.66 and a one year high of $4.37. The business’s 50-day moving average is $3.26 and its two-hundred day moving average is $3.56.

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.