Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 580,800 shares, an increase of 174.2% from the January 31st total of 211,800 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 936,000 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds 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 fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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.

Fitell Stock Performance

NASDAQ:FTEL traded down $0.02 on Friday, reaching $0.68. The stock had a trading volume of 191,203 shares, compared to its average volume of 1,339,328. The company has a 50-day moving average of $6.78 and a 200 day moving average of $16.59. Fitell has a 12-month low of $0.63 and a 12-month high of $49.50.

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.