Technogym S.p.A. (OTCMKTS:TCCHF) Short Interest Up 50.1% in August

Technogym S.p.A. (OTCMKTS:TCCHF) was the recipient of a large 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 presently ∞ days.

Technogym Price Performance

TCCHF stock opened at $24.00 on Thursday. The firm’s fifty day moving average is $24.00 and its 200 day moving average is $22.59. Technogym has a 52 week low of $19.51 and a 52 week high of $24.25.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Technogym to a “buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Technogym Company Profile

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.