Technogym S.p.A. (OTCMKTS:TCCHF) Sees Large Increase in Short Interest

Technogym S.p.A. (OTCMKTS:TCCHFGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 185,481 shares, an increase of 50.1% from the July 30th total of 123,563 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Technogym Price Performance

Technogym stock opened at $24.00 on Tuesday. The business has a fifty day moving average price of $24.00 and a 200-day moving average price of $22.45. Technogym has a 1-year low of $19.51 and a 1-year high of $24.25.

Wall Street Analyst Weigh In

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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on TCCHF

Technogym Company Profile

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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.

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