Serco Group plc (OTCMKTS:SECCF) Short Interest Up 48.6% in March

Serco Group plc (OTCMKTS:SECCF) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,671 shares, a growth of 48.6% from the February 26th total of 2,471 shares. Based on an average daily volume of 3,652 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SECCF shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Serco Group in a research note on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Serco Group in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Serco Group presently has a consensus rating of “Moderate Buy”.

Serco Group Stock Performance

Shares of OTCMKTS SECCF opened at $3.88 on Monday. Serco Group has a 52 week low of $2.06 and a 52 week high of $4.37. The firm has a 50-day moving average price of $3.78 and a 200 day moving average price of $3.50.

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.