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

Serco Group plc (OTCMKTS:SECCF) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 2,500 shares, a decline of 75.0% from the February 13th total of 10,000 shares. Based on an average trading volume of 4,300 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

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

Serco Group Price Performance

OTCMKTS:SECCF opened at $2.14 on Friday. The stock’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $2.11. Serco Group has a 52-week low of $1.80 and a 52-week high of $2.46.

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.