The Beachbody Company, Inc. (NYSE:BODI) Short Interest Down 6.8% in November

The Beachbody Company, Inc. (NYSE:BODI) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 155,300 shares, a decrease of 6.8% from the November 15th total of 166,600 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is presently 6.4 days. Approximately 4.5% of the company’s stock are short sold.

Beachbody Stock Up 4.6 %

Beachbody stock traded up $0.30 during mid-day trading on Monday, reaching $6.83. The stock had a trading volume of 12,129 shares, compared to its average volume of 20,798. The company has a market capitalization of $47.29 million, a price-to-earnings ratio of -0.41 and a beta of 1.16. The company has a 50-day moving average price of $6.46 and a two-hundred day moving average price of $7.11. Beachbody has a one year low of $5.14 and a one year high of $13.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.64 and a quick ratio of 0.52.

Hedge Funds Weigh In On Beachbody

Hedge funds have recently bought and sold shares of the company. MSA Advisors LLC bought a new position in Beachbody in the 3rd quarter worth about $668,000. Rockefeller Capital Management L.P. bought a new position in Beachbody during the 3rd quarter valued at about $625,000. Whetstone Capital Advisors LLC bought a new position in Beachbody during the 3rd quarter valued at about $1,071,000. Raine Capital LLC bought a new position in Beachbody during the 3rd quarter valued at about $4,287,000. Finally, Raine Group LLC bought a new position in Beachbody during the 3rd quarter valued at about $25,000. Institutional investors own 74.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $12.00 target price on shares of Beachbody in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Beachbody Company Profile

The Beachbody Company, Inc operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs.