Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,060,000 shares, a decrease of 10.9% from the November 30th total of 1,190,000 shares. Based on an average trading volume of 215,900 shares, the days-to-cover ratio is currently 4.9 days. Currently, 7.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd acquired a new position in Fitell Co. (NASDAQ:FTEL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned approximately 0.08% of Fitell as of its most recent SEC filing. 0.10% of the stock is owned by institutional investors.

Fitell Trading Down 3.3 %

Shares of NASDAQ FTEL traded down $0.30 during mid-day trading on Wednesday, reaching $8.74. The company had a trading volume of 39,974 shares, compared to its average volume of 328,339. Fitell has a 52 week low of $0.88 and a 52 week high of $49.50. The business’s 50-day moving average is $25.18 and its 200-day moving average is $21.67.

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.