Short Interest in Bodycote plc (OTCMKTS:BYPLF) Grows By 1,100.0%

Bodycote plc (OTCMKTS:BYPLF - Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,200 shares, an increase of 1,100.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 12.0 days.

Bodycote Price Performance

Bodycote stock remained flat at $8.00 during trading on Thursday. The company has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $8.67. Bodycote has a 1-year low of $8.00 and a 1-year high of $9.28.

Analysts Set New Price Targets

BYPLF has been the topic of a number of recent research reports. Barclays raised Bodycote to a "hold" rating in a research note on Friday, August 16th. Royal Bank of Canada raised Bodycote to a "hold" rating in a research note on Wednesday, July 31st.

Bodycote Company Profile

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.