Fitell Co. (NASDAQ:FTEL) Short Interest Update

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

Fitell Price Performance

Shares of NASDAQ:FTEL opened at $0.73 on Thursday. Fitell has a 12 month low of $0.51 and a 12 month high of $49.50. The company’s 50-day moving average price is $4.47 and its two-hundred day moving average price is $15.15.

Institutional Investors Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Fitell Co. (NASDAQ:FTEL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 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.