Fitell Co. (NASDAQ:FTEL) Short Interest Update

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

Fitell Trading Down 13.9 %

Shares of NASDAQ FTEL opened at $0.60 on Monday. The business’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $14.49. Fitell has a 12-month low of $0.51 and a 12-month high of $49.50.

Institutional Investors Weigh In On Fitell

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