Short Interest in Technogym S.p.A. (OTCMKTS:TCCHF) Rises By 50.1%

Technogym S.p.A. (OTCMKTS:TCCHF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 185,481 shares, a growth of 50.1% from the July 30th total of 123,563 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Technogym to a “buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Technogym Stock Performance

OTCMKTS TCCHF opened at $24.00 on Wednesday. The stock’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $22.52. Technogym has a one year low of $19.51 and a one year high of $24.25.

About Technogym

Technogym S.p.A. is a leading international provider of fitness and wellness equipment, digital platforms and services. Founded in 1983 by Nerio Alessandri and headquartered in Cesena, Italy, the company develops a comprehensive range of products designed for use in homes, gyms, hotels, corporate wellness centers and rehabilitation facilities. Technogym’s portfolio covers cardio machines, strength training equipment, functional training tools and accessories that cater to both professional athletes and everyday users seeking healthier lifestyles.

In addition to its hardware offerings, Technogym has built a cloud-based digital ecosystem that connects users, trainers and facility managers.