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

Bodycote (OTCMKTS:BYPLF) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 5,021 shares, an increase of 205.0% from the May 14th total of 1,646 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 238 shares, the short-interest ratio is presently 21.1 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Bodycote in a report on Friday, April 10th. Finally, Royal Bank Of Canada lowered 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bodycote Stock Down 0.2%

Shares of OTCMKTS:BYPLF opened at $9.57 on Friday. Bodycote has a 12 month low of $9.49 and a 12 month high of $10.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.17. The company’s fifty day simple moving average is $9.63 and its 200 day simple moving average is $9.43.

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.