Short Interest in Bodycote plc (OTCMKTS:BYPLF) Expands By 1,100.0%

Bodycote plc (OTCMKTS:BYPLF) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,200 shares, an increase of 1,100.0% from the September 15th total of 100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 12.0 days.

Bodycote Trading Down 6.3 %

Shares of BYPLF opened at $7.50 on Friday. The stock has a 50 day moving average price of $8.82 and a 200 day moving average price of $8.66. Bodycote has a one year low of $7.50 and a one year high of $9.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BYPLF shares. Royal Bank of Canada upgraded Bodycote to a “hold” rating in a research note on Wednesday, July 31st. Barclays upgraded shares of Bodycote to a “hold” rating in a research note on Friday, August 16th.

Bodycote Company Profile

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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 vacuum and honeycomb 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.