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

Serco Group plc (OTCMKTS:SECCF) saw a significant drop in short interest in 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 daily trading volume, of 6,700 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

SECCF has been the subject of several analyst reports. BNP Paribas Exane assumed coverage on shares of Serco Group in a research 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 report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Serco Group has an average rating of “Moderate Buy”.

Serco Group Price Performance

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

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.