Bodycote (OTCMKTS:BYPLF) Sees Large Drop in Short Interest

Bodycote (OTCMKTS:BYPLF) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 148 shares, a drop of 98.0% from the August 31st total of 7,224 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Wall Street Analyst Weigh In

BYPLF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Berenberg Bank downgraded Bodycote from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bodycote in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bodycote currently has an average rating of “Moderate Buy”.

Bodycote Stock Performance

OTCMKTS BYPLF remained flat at $12.30 during trading on Thursday. The stock has a fifty day moving average of $11.47 and a two-hundred day moving average of $10.26. Bodycote has a 1 year low of $9.00 and a 1 year high of $12.30. 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 is a United Kingdom-based provider of thermal processing and specialist technology services for metals and other materials. The company helps manufacturers improve the performance, durability and reliability of components through processes such as heat treatment, hot isostatic pressing, surface technology and metallurgical testing.

Its services include vacuum and atmosphere heat treatment, carburizing, nitriding, annealing, hardening and tempering, as well as advanced processes designed to remove internal porosity and enhance material properties.