Short Interest in Serco Group plc (OTCMKTS:SECCF) Declines By 53.8%

Serco Group plc (OTCMKTS:SECCF) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 10,845 shares, a decline of 53.8% from the January 15th total of 23,487 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is currently 10,845.0 days. Based on an average daily trading volume, of 1 shares, the short-interest ratio is currently 10,845.0 days.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SECCF. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Serco Group in a report on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Serco Group in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Serco Group Price Performance

Shares of OTCMKTS:SECCF opened at $3.54 on Friday. The business’s 50 day moving average is $3.53 and its 200 day moving average is $3.29. Serco Group has a 52-week low of $1.80 and a 52-week high of $3.78.

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.