Short Interest in Serco Group plc (OTCMKTS:SECCF) Rises By 132.0%

Serco Group plc (OTCMKTS:SECCF) saw a significant 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.

Serco Group Stock Performance

Shares of OTCMKTS:SECCF remained flat at $2.08 on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 3,573. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.10. Serco Group has a fifty-two week low of $1.80 and a fifty-two week high of $2.46.

Analysts Set New Price Targets

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

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.