Serco Group plc (OTCMKTS:SECCF) Short Interest Down 40.1% in April

Serco Group plc (OTCMKTS:SECCF) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 2,290 shares, a decline of 40.1% from the March 31st total of 3,824 shares. Based on an average trading volume of 22 shares, the days-to-cover ratio is currently 104.1 days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Serco Group in a research note on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Serco Group in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Serco Group presently has a consensus rating of “Moderate Buy”.

Serco Group Stock Performance

Shares of OTCMKTS:SECCF opened at $3.68 on Monday. The company’s fifty day simple moving average is $3.84 and its 200 day simple moving average is $3.58. Serco Group has a 12 month low of $2.13 and a 12 month 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.