Bodycote plc (OTCMKTS:BYPLF – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,700 shares, an increase of 112.5% from the July 15th total of 800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 17.0 days.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upgraded shares of Bodycote to a “hold” rating in a report on Wednesday, July 31st.
Check Out Our Latest Research Report on Bodycote
Bodycote Stock Performance
About Bodycote
Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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 vacuum and honeycomb 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.
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