Bodycote plc (OTCMKTS:BYPLF) Sees Large Decline in Short Interest

Bodycote plc (OTCMKTS:BYPLF) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 87.5% from the February 13th total of 800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

Bodycote Stock Performance

Shares of BYPLF remained flat at $8.40 during trading hours on Friday. The firm’s 50 day moving average price is $7.77 and its 200-day moving average price is $7.76. Bodycote has a fifty-two week low of $6.94 and a fifty-two week high of $9.28.

Bodycote Company Profile

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. 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 furnace/vacuum 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.