Fitell Corporation (NASDAQ:FTEL) Short Interest Down 25.7% in July

Fitell Corporation (NASDAQ:FTEL) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 44,300 shares, adecreaseof25.7% from the July 15th total of 59,600 shares. Based on an average trading volume of 278,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately0.3% of the company’s shares are sold short. Approximately0.3% of the company’s shares are sold short. Based on an average trading volume of 278,100 shares, the days-to-cover ratio is currently 0.2 days.

Fitell Stock Performance

Shares of NASDAQ FTEL opened at $0.4621 on Friday. Fitell has a 52-week low of $0.36 and a 52-week high of $49.50. The firm has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.72.

Institutional Investors Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd purchased a new stake in Fitell Corporation (NASDAQ:FTEL) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 63,759 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned approximately 0.30% of Fitell at the end of the most recent quarter. Institutional investors own 0.10% of the company’s stock.

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.