Bodycote (OTCMKTS:BYPLF) Stock Short Interest Falls 98.0%

Bodycote (OTCMKTS:BYPLF) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 148 shares, a decline of 98.0% from the August 31st total of 7,224 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Bodycote Price Performance

Bodycote stock remained flat at $12.30 during midday trading on Friday. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $10.29. Bodycote has a 12-month low of $9.00 and a 12-month high of $12.30.

Analyst Ratings Changes

A number of equities research analysts recently commented on BYPLF shares. Berenberg Bank cut shares of Bodycote from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bodycote in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Bodycote presently has an average rating of “Moderate Buy”.

About Bodycote

Bodycote plc is a United Kingdom-based provider of thermal processing and specialist technology services for metals and other materials. The company helps manufacturers improve the performance, durability and reliability of components through processes such as heat treatment, hot isostatic pressing, surface technology and metallurgical testing.

Its services include vacuum and atmosphere heat treatment, carburizing, nitriding, annealing, hardening and tempering, as well as advanced processes designed to remove internal porosity and enhance material properties.