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

Key Points

• Short interest in Bodycote has decreased by 37.0% in August, dropping to 3,400 shares from 5,400 shares at the end of July.
• As of now, Bodycote's stock opened at $8.60, showing an increase of 1.2%.
• Bodycote plc specializes in heat treatment and thermal processing services across various sectors, including Aerospace, Defence & Energy, and Automotive.

Bodycote (OTCMKTS:BYPLF - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 3,400 shares, a decrease of 37.0% from the July 31st total of 5,400 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Bodycote Price Performance

BYPLF remained flat at $8.60 during trading on Thursday. Bodycote has a 12 month low of $8.50 and a 12 month high of $8.60. The firm's fifty day moving average price is $7.88 and its two-hundred day moving average price is $7.47.

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.