Short Interest in Basic-Fit (OTCMKTS:BSFFF) Drops By 13.5%

Basic-Fit (OTCMKTS:BSFFF) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,062,900 shares, a decrease of 13.5% from the August 15th total of 1,228,700 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 408.8 days.

Basic-Fit Price Performance

Basic-Fit stock remained flat at $26.45 during midday trading on Tuesday. The firm’s 50 day simple moving average is $23.40 and its 200-day simple moving average is $23.40. Basic-Fit has a 12-month low of $21.19 and a 12-month high of $30.00.

About Basic-Fit

Basic-Fit N.V., together with its subsidiaries, engages in the operation of fitness clubs. It operates clubs under Basic-Fit brand in the Netherlands, Belgium, Luxembourg, Germany, France, and Spain. The company was founded in 1984 and is based in Hoofddorp, the Netherlands.