Bodycote plc (OTCMKTS:BYPLF) Short Interest Up 112.5% in July

Bodycote plc (OTCMKTS:BYPLF) 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.

Bodycote Stock Performance

BYPLF stock remained flat at $9.28 during midday trading on Wednesday. The business’s 50 day moving average price is $8.91 and its 200-day moving average price is $8.42. Bodycote has a 1-year low of $9.01 and a 1-year high of $9.28.

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.