Serco Group plc (OTCMKTS:SECCF) Short Interest Down 79.1% in August

Serco Group plc (OTCMKTS:SECCF) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,073 shares, a drop of 79.1% from the July 30th total of 5,125 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 268.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of Serco Group in a research report on Friday, August 7th. BNP Paribas Exane raised Serco Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Serco Group Stock Performance

SECCF opened at $3.19 on Wednesday. Serco Group has a fifty-two week low of $2.66 and a fifty-two week high of $4.37. The firm has a 50-day moving average of $3.15 and a 200 day moving average of $3.52.

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.