Bodycote plc (OTCMKTS:BYPLF) Short Interest Update

Bodycote plc (OTCMKTS:BYPLF) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 400 shares, a decrease of 20.0% from the December 31st total of 500 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Bodycote Price Performance

OTCMKTS BYPLF remained flat at $7.67 on Thursday. The firm has a fifty day moving average of $7.54 and a 200-day moving average of $8.05. Bodycote has a 1-year low of $6.94 and a 1-year high of $9.28.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Bodycote from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 15th.

Bodycote Company Profile

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. The company offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and furnace/vacuum brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.