Short Interest in Bodycote plc (OTCMKTS:BYPLF) Declines By 20.0%

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

Bodycote Stock Performance

OTCMKTS BYPLF remained flat at $7.67 on Thursday. The business’s fifty day moving average price is $7.39 and its 200-day moving average price is $8.14. Bodycote has a 52-week low of $6.94 and a 52-week high of $9.28.

Analyst Upgrades and Downgrades

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

About Bodycote

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.