Short Interest in Fitell Corporation (NASDAQ:FTEL) Grows By 1,243.6%

Fitell Corporation (NASDAQ:FTELGet Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 52,400 shares, a growth of 1,243.6% from the September 15th total of 3,900 shares. Based on an average daily volume of 141,600 shares, the short-interest ratio is presently 0.4 days. Approximately 4.6% of the shares of the stock are sold short. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily volume of 141,600 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Fitell in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Analysis on Fitell

Fitell Stock Up 3.2%

Shares of NASDAQ FTEL opened at $4.51 on Friday. The business’s fifty day moving average price is $6.89 and its two-hundred day moving average price is $8.43. Fitell has a 1-year low of $3.54 and a 1-year high of $792.00.

Hedge Funds Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd purchased a new position in Fitell Corporation (NASDAQ:FTELFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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

(Get Free Report)

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.

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