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

Bodycote (OTCMKTS:BYPLFGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,021 shares, an increase of 205.0% from the May 14th total of 1,646 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 238 shares, the days-to-cover ratio is presently 21.1 days.

Bodycote Stock Performance

Bodycote stock remained flat at $9.57 during mid-day trading on Friday. The business has a fifty day moving average of $9.62 and a two-hundred 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 has a twelve month low of $9.49 and a twelve month high of $10.05.

Analyst Ratings Changes

BYPLF has been the topic of several analyst reports. Royal Bank Of Canada downgraded Bodycote from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bodycote in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Bodycote in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Bodycote currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Bodycote

Bodycote Company Profile

(Get Free Report)

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.

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