Short Interest in Serco Group plc (OTCMKTS:SECCF) Increases By 541.2%

Serco Group plc (OTCMKTS:SECCF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 22,046 shares, an increase 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.

Analysts Set New Price Targets

Separately, BNP Paribas Exane started coverage on Serco Group in a report on Monday, April 27th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Serco Group presently has a consensus rating of “Hold”.

Serco Group Price Performance

Shares of SECCF remained flat at $3.07 during trading hours on Friday. Serco Group has a 1 year low of $2.66 and a 1 year high of $4.37. The business’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $3.63.

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.