Short Interest in Bodycote (OTCMKTS:BYPLF) Decreases By 62.9%

Bodycote (OTCMKTS:BYPLF) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,672 shares, a decline of 62.9% from the June 15th total of 7,193 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20 shares, the short-interest ratio is currently 133.6 days.

Bodycote Stock Performance

Shares of BYPLF stock opened at $9.00 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.17. Bodycote has a fifty-two week low of $9.00 and a fifty-two week high of $10.05. The business has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $9.53.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Jefferies Financial Group reissued a “buy” rating on shares of Bodycote in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company 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.