Bodycote (OTCMKTS:BYPLF) Sees Significant Increase in Short Interest

Key Points

• Short interest surged to 9,591 shares as of March 31, a 1,117.1% increase from the March 15 total of 788 shares, resulting in a days-to-cover ratio of 47.0 days based on average daily volume of 204 shares (the report also lists 0.0% of shares short sold).
• Price unchanged at $10.05: BYPLF closed flat at $10.05 (12‑month range $8.50–$10.05) with a 50‑day moving average of $10.05 and a 200‑day moving average of $9.13.
• Analyst sentiment is "Moderate Buy": three analysts rate the stock Buy and one rates it Hold, with Jefferies reiterating a Buy while RBC downgraded to Hold.

Bodycote (OTCMKTS:BYPLF - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 9,591 shares, a growth of 1,117.1% from the March 15th total of 788 shares. Based on an average daily volume of 204 shares, the days-to-cover ratio is currently 47.0 days. Currently, 0.0% of the shares of the company are short sold.

Bodycote Price Performance

BYPLF remained flat at $10.05 during trading on Friday. Bodycote has a 12 month low of $8.50 and a 12 month high of $10.05. The business's fifty day moving average is $10.05 and its two-hundred day moving average is $9.13.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group restated a "buy" rating on shares of Bodycote in a report on Friday. Royal Bank Of Canada cut shares of Bodycote from a "moderate buy" rating to a "hold" rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bodycote presently has an average rating of "Moderate Buy".

Bodycote Company Profile

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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