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

Technogym S.p.A. (OTCMKTS:TCCHFGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 123,563 shares, a decrease of 45.8% from the July 15th total of 227,872 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Technogym

Technogym Stock Performance

OTCMKTS:TCCHF opened at $24.00 on Wednesday. The firm’s fifty day moving average price is $24.00 and its 200 day moving average price is $21.82. Technogym has a 1-year low of $19.51 and a 1-year high of $24.25.

About Technogym

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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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