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

Serco Group plc (OTCMKTS:SECCF) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 10,845 shares, a decrease of 53.8% from the January 15th total of 23,487 shares. Based on an average daily volume of 1 shares, the days-to-cover ratio is currently 10,845.0 days. Based on an average daily volume of 1 shares, the days-to-cover ratio is currently 10,845.0 days.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Serco Group in a research report on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Serco Group in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Serco Group has an average rating of “Moderate Buy”.

Serco Group Price Performance

Shares of SECCF opened at $3.54 on Thursday. Serco Group has a twelve month low of $1.80 and a twelve month high of $3.78. The firm has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $3.29.

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.