Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) saw a large decrease in short interest in 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. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 941,400 shares, the days-to-cover ratio is currently 0.5 days.

Fitell Stock Performance

Shares of FTEL stock opened at $0.73 on Thursday. Fitell has a 52-week low of $0.51 and a 52-week high of $49.50. The firm has a fifty day moving average of $4.47 and a 200-day moving average of $15.15.

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 position in Fitell Co. (NASDAQ:FTEL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,043 shares of the company’s stock, valued at approximately $88,000. Institutional investors and hedge funds 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.