Fitell Co. (NASDAQ:FTEL) Short Interest Down 15.2% in February

Fitell Co. (NASDAQ:FTEL) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 492,600 shares, a drop of 15.2% from the February 13th total of 580,800 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 941,400 shares, the short-interest ratio is presently 0.5 days.

Fitell Price Performance

Shares of FTEL stock opened at $0.64 on Wednesday. The stock’s 50 day simple moving average is $4.67 and its 200 day simple moving average is $15.25. Fitell has a twelve month low of $0.51 and a twelve month high of $49.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fitell stock. Y Intercept Hong Kong Ltd acquired a new stake in Fitell Co. (NASDAQ:FTEL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,043 shares of the company’s stock, valued at approximately $88,000. 0.10% of the stock is currently owned by institutional investors.

About Fitell

Fitell Corporation, together with its subsidiaries, operates as an online retailer of gym and fitness equipment for personal training studios and commercial gyms chains in Australia and Southeast Asia. The company sells fitness equipment, including home gym and commercial strength-training equipment; and cardio equipment, such as rowing machines, exercise bikes, treadmills, and other related products under the Muscle Motion, Rapid Motion, and FleetX brand names.