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

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Bodycote in a research note on Friday. Royal Bank Of Canada downgraded Bodycote from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Bodycote Price Performance

Bodycote stock opened at $10.05 on Friday. The business has a 50 day moving average of $10.05 and a 200-day moving average of $9.14. Bodycote has a 1 year low of $8.50 and a 1 year high of $10.05.

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.