Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 349,500 shares, a decrease of 67.0% from the December 15th total of 1,060,000 shares. Based on an average daily volume of 223,600 shares, the short-interest ratio is presently 1.6 days. Approximately 2.6% of the shares of the company are short sold.

Fitell Stock Performance

NASDAQ FTEL traded down $0.47 during trading hours 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 business has a 50-day simple moving average of $21.79 and a 200 day simple moving average of $20.51. Fitell has a 52 week low of $0.92 and a 52 week high of $49.50.

Institutional Trading of Fitell

A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd bought a new stake in shares of Fitell Co. (NASDAQ:FTEL) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned 0.08% of Fitell as of its most recent SEC filing. 0.10% of the stock is currently 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.