Fitell Co. (NASDAQ:FTEL - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 1,500,000 shares, a decline of 5.1% from the September 15th total of 1,580,000 shares. Based on an average daily volume of 172,000 shares, the days-to-cover ratio is currently 8.7 days. Currently, 32.1% of the shares of the stock are sold short.
Fitell stock opened at $18.14 on Thursday. The business's fifty day moving average is $15.90 and its two-hundred day moving average is $16.54. Fitell has a 52 week low of $0.88 and a 52 week high of $39.89.
An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd acquired a new position in Fitell Co. (NASDAQ:FTEL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,028 shares of the company's stock, valued at approximately $274,000. XTX Topco Ltd owned approximately 0.08% of Fitell as of its most recent filing with the Securities and Exchange Commission (SEC). 0.10% of the stock is owned by institutional investors.
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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