Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 349,500 shares, a decline of 67.0% from the December 15th total of 1,060,000 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 223,600 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Fitell

A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd bought a new position in shares of Fitell Co. (NASDAQ:FTEL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned about 0.08% of Fitell as of its most recent SEC filing. Hedge funds and other institutional investors own 0.10% of the company’s stock.

Fitell Stock Performance

Shares of FTEL traded down $0.47 during trading on Monday, reaching $9.87. The company’s stock had a trading volume of 361,654 shares, compared to its average volume of 189,893. The company has a fifty day moving average of $21.79 and a two-hundred day moving average of $20.51. Fitell has a twelve month low of $0.92 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.