Basic-Fit (OTCMKTS:BSFFF) Short Interest Update

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

Basic-Fit Stock Performance

Shares of OTCMKTS BSFFF opened at $37.37 on Friday. The company has a 50 day simple moving average of $35.47 and a 200-day simple moving average of $31.15. Basic-Fit has a 1 year low of $19.00 and a 1 year high of $40.67.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed 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, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Basic-Fit Company Profile

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.