Short Interest in Serco Group plc (OTCMKTS:SECCF) Decreases By 77.1%

Serco Group plc (OTCMKTS:SECCF) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,471 shares, a drop of 77.1% from the February 12th total of 10,803 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Serco Group Stock Performance

SECCF opened at $4.30 on Wednesday. Serco Group has a twelve month low of $1.80 and a twelve month high of $4.30. The company has a fifty day moving average of $3.61 and a 200-day moving average of $3.39.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SECCF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Serco Group in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Serco Group in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Serco Group presently has a consensus rating of “Moderate Buy”.

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.