Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 396,600 shares, a decrease of 19.5% from the February 28th total of 492,600 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 957,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fitell stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Fitell Co. (NASDAQ:FTEL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,043 shares of the company’s stock, valued at approximately $88,000. 0.10% of the stock is owned by institutional investors and hedge funds.

Fitell Price Performance

Fitell stock traded down $0.00 during mid-day trading on Wednesday, reaching $0.64. 18,828 shares of the company’s stock were exchanged, compared to its average volume of 501,876. The company has a fifty day moving average of $2.86 and a 200-day moving average of $14.26. Fitell has a twelve month low of $0.51 and a twelve month high of $49.50.

Fitell Company Profile

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.