Short Interest in Bodycote (OTCMKTS:BYPLF) Drops By 83.1%

Bodycote (OTCMKTS:BYPLF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,743 shares, a decrease of 83.1% from the November 30th total of 10,330 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 173 shares, the days-to-cover ratio is presently 10.1 days. Based on an average daily volume of 173 shares, the days-to-cover ratio is presently 10.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of Bodycote from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bodycote in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Bodycote Price Performance

BYPLF stock opened at $8.60 on Thursday. Bodycote has a twelve month low of $8.50 and a twelve month high of $8.60. The stock has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $8.12.

About Bodycote

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.