Fitell Co. (NASDAQ:FTEL) Sees Large Decrease in Short Interest

Fitell Co. (NASDAQ:FTEL) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,160,000 shares, a drop of 15.9% from the October 15th total of 1,380,000 shares. Based on an average daily volume of 153,800 shares, the days-to-cover ratio is currently 7.5 days. Approximately 24.8% of the shares of the company are sold short.

Fitell Price Performance

Shares of Fitell stock traded up $1.38 during trading hours on Monday, hitting $37.63. 86,408 shares of the company were exchanged, compared to its average volume of 326,572. The business has a 50-day moving average of $21.81 and a 200-day moving average of $19.82. Fitell has a 1 year low of $0.88 and a 1 year high of $39.89.

Institutional Trading of Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd acquired a new stake in Fitell Co. (NASDAQ:FTEL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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. 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.