Basic-Fit (OTCMKTS:BSFFF) Short Interest Update

Basic-Fit (OTCMKTS:BSFFF) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 519,072 shares, a decline of 46.3% from the January 15th total of 966,279 shares. Based on an average daily trading volume, of 2,720 shares, the days-to-cover ratio is currently 190.8 days. Based on an average daily trading volume, of 2,720 shares, the days-to-cover ratio is currently 190.8 days.

Analysts Set New Price Targets

Separately, Citigroup restated a “buy” rating on shares of Basic-Fit in a report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Basic-Fit Price Performance

Basic-Fit stock opened at $37.37 on Friday. Basic-Fit has a one year low of $19.00 and a one year high of $40.67. The stock’s 50 day moving average price is $35.47 and its 200 day moving average price is $31.13.

About Basic-Fit

Basic-Fit NV is a European fitness operator specializing in low-cost, high-convenience health clubs. Through its Basic-Fit brand, the company offers a network of self-service gyms equipped with cardiovascular machines, resistance equipment and functional training zones. The chain is designed to cater to a broad demographic by providing flexible, no-frills membership options and extended opening hours, often 24/7, to accommodate varied schedules.

Beyond traditional gym equipment, Basic-Fit clubs typically feature virtual group classes, on-demand workout sessions and personal training services.