Bodycote (OTCMKTS:BYPLF) Sees Significant Increase in Short Interest

Bodycote (OTCMKTS:BYPLF) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 9,591 shares, a growth of 1,117.1% from the March 15th total of 788 shares. Based on an average trading volume of 204 shares, the short-interest ratio is currently 47.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several research firms have weighed in on BYPLF. Royal Bank Of Canada downgraded shares of Bodycote from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Bodycote in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Bodycote Price Performance

Shares of BYPLF stock remained flat at $10.05 on Friday. Bodycote has a fifty-two week low of $8.50 and a fifty-two week high of $10.05. The firm’s 50-day moving average is $10.05 and its 200-day moving average is $9.13.

Bodycote Company Profile

Bodycote plc (OTCMKTS: BYPLF) is a global provider of industrial thermal processing and materials technology services. The company offers a range of solutions including heat treatment, hot isostatic pressing, surface coatings and metal joining, all designed to enhance mechanical performance, improve material properties and extend the service life of critical components.

Operating more than 140 facilities across Europe, North America and the Asia-Pacific region, Bodycote serves customers in aerospace, automotive, energy, medical and general industrial markets.