Short Interest in Bodycote (OTCMKTS:BYPLF) Increases By 205.0%

Bodycote (OTCMKTS:BYPLF) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 5,021 shares, a growth of 205.0% from the May 14th total of 1,646 shares. Based on an average daily volume of 238 shares, the short-interest ratio is currently 21.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Bodycote in a report on Friday, April 10th. Royal Bank Of Canada downgraded shares of Bodycote from a “moderate buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Bodycote Stock Performance

Shares of OTCMKTS:BYPLF opened at $9.57 on Friday. Bodycote has a one year low of $9.49 and a one year high of $10.05. The company has a 50 day moving average of $9.62 and a 200-day moving average of $9.43. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20.

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.