The Gym Group plc (OTCMKTS:GYYMF) Stock Short Interest Falls 97.7%

The Gym Group plc (OTCMKTS:GYYMF) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,178 shares, a drop of 97.7% from the September 30th total of 51,749 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

The Gym Group Price Performance

OTCMKTS:GYYMF remained flat at $2.20 during midday trading on Monday. The business’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.37. The Gym Group has a 1-year low of $2.20 and a 1-year high of $2.67.

The Gym Group Company Profile

The Gym Group plc is a United Kingdom-based operator of low-cost, high-value fitness facilities. The company operates gyms under The Gym Group brand, offering members access to equipment for cardiovascular exercise, strength training and functional fitness in a self-service environment.

Its gyms are designed to provide extended or 24-hour access, with membership options intended to offer flexibility and affordability compared with traditional full-service health clubs. Facilities generally include a range of exercise equipment and may provide digital fitness content, personal training and other services to support members’ workouts.

The company was established in 2007 and has expanded its network across locations in England, Scotland and Wales, primarily serving urban and suburban communities.