Short Interest in Bodycote plc (OTCMKTS:BYPLF) Drops By 20.0%

Bodycote plc (OTCMKTS:BYPLF) was the recipient of a significant decrease in short interest during the month of 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 short-interest ratio is currently ∞ days.

Analyst Upgrades and Downgrades

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

Bodycote Price Performance

Bodycote stock remained flat at $7.67 during mid-day trading on Thursday. Bodycote has a 52 week low of $6.94 and a 52 week high of $9.28. The company’s fifty day simple moving average is $7.54 and its two-hundred day simple moving average is $8.05.

About Bodycote

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.