The Beachbody Company, Inc. (NYSE:BODI) Short Interest Update

The Beachbody Company, Inc. (NYSE:BODI) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 155,300 shares, a decline of 6.8% from the November 15th total of 166,600 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 6.4 days.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set 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 stock. Based on data from MarketBeat.com, Beachbody currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Beachbody Price Performance

BODI stock opened at $6.87 on Wednesday. The firm has a 50 day moving average of $6.46 and a 200-day moving average of $7.10. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $47.57 million, a P/E ratio of -0.44 and a beta of 1.16. Beachbody has a 12 month low of $5.14 and a 12 month high of $13.45.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raine Group LLC bought a new position in shares of Beachbody in the third quarter worth $25,000. Mill Creek Capital Advisors LLC bought a new position in Beachbody in the 3rd quarter worth about $186,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Beachbody in the 3rd quarter valued at about $625,000. MSA Advisors LLC bought a new stake in shares of Beachbody during the 3rd quarter valued at about $668,000. Finally, Whetstone Capital Advisors LLC bought a new stake in shares of Beachbody during the 3rd quarter valued at about $1,071,000. 74.48% of the stock is owned by institutional investors.

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.