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

Serco Group plc (OTCMKTS:SECCF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,800 shares, an increase of 132.0% from the February 28th total of 2,500 shares. Based on an average daily trading volume, of 5,200 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “buy” rating on shares of Serco Group in a research note on Monday, March 3rd.

Serco Group Price Performance

Serco Group stock opened at $2.08 on Friday. Serco Group has a fifty-two week low of $1.80 and a fifty-two week high of $2.46. The stock has a 50-day simple moving average of $2.03 and a 200-day simple moving average of $2.10.

Serco Group Company Profile

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.