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

Bodycote (OTCMKTS:BYPLF) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 148 shares, a decrease of 98.0% from the August 31st total of 7,224 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Ratings Changes

Several brokerages have recently commented on BYPLF. Royal Bank Of Canada restated a “sector perform” rating on shares of Bodycote in a research report on Thursday, August 6th. Berenberg Bank lowered shares of Bodycote from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bodycote in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bodycote Price Performance

Shares of OTCMKTS:BYPLF remained flat at $12.30 during trading on Thursday. Bodycote has a 1-year low of $9.00 and a 1-year high of $12.30. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $11.47 and its 200 day simple moving average is $10.26.

About Bodycote

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.