Bodycote (OTCMKTS:BYPLF) Short Interest Down 82.2% in January

Bodycote (OTCMKTS:BYPLF) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 807 shares, a drop of 82.2% from the January 15th total of 4,539 shares. Based on an average daily volume of 20 shares, the days-to-cover ratio is presently 40.4 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 20 shares, the days-to-cover ratio is presently 40.4 days.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Bodycote from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Bodycote Stock Performance

Shares of BYPLF stock remained flat at $10.05 during mid-day trading on Tuesday. The stock had a trading volume of 1 shares, compared to its average volume of 108. Bodycote has a fifty-two week low of $8.50 and a fifty-two week high of $10.05. The business has a fifty day moving average of $8.89 and a two-hundred day moving average of $8.65.

About Bodycote

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.