Serco Group plc (OTCMKTS:SECCF) Sees Significant Growth in Short Interest

Serco Group plc (OTCMKTS:SECCF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 30,300 shares, a growth of 39.0% from the September 30th total of 21,800 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 33.7 days. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 33.7 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Serco Group in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Serco Group currently has an average rating of “Moderate Buy”.

Serco Group Price Performance

Shares of OTCMKTS SECCF opened at $3.38 on Monday. The business has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $2.79. Serco Group has a 52 week low of $1.80 and a 52 week high of $3.50.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.