Basic-Fit (OTCMKTS:BSFFF) Short Interest Update

Basic-Fit (OTCMKTS:BSFFF) was the recipient of 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 trading volume of 2,720 shares, the short-interest ratio is presently 190.8 days. Based on an average trading volume of 2,720 shares, the short-interest ratio is presently 190.8 days.

Basic-Fit Price Performance

OTCMKTS:BSFFF opened at $37.37 on Friday. Basic-Fit has a 52-week low of $19.00 and a 52-week high of $40.67. The stock’s fifty day moving average price is $35.37 and its two-hundred day moving average price is $31.10.

Analysts Set New Price Targets

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

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.