Bodycote plc (OTCMKTS:BYPLF) Short Interest Down 20.0% in December

Bodycote plc (OTCMKTS:BYPLF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 400 shares, a drop of 20.0% from the December 15th total of 500 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Bodycote Price Performance

Bodycote stock remained flat at $7.67 during midday trading on Friday. Bodycote has a one year low of $6.94 and a one year high of $9.28. The stock has a 50 day moving average price of $7.41 and a 200-day moving average price of $8.13.

Wall Street Analyst Weigh In

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

Bodycote Company Profile

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.