Short Interest in Fitell Co. (NASDAQ:FTEL) Decreases By 15.9%

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

Fitell Stock Performance

NASDAQ:FTEL opened at $36.25 on Monday. Fitell has a one year low of $0.88 and a one year high of $39.89. The business has a fifty day moving average price of $21.81 and a 200-day moving average price of $19.82.

Institutional Investors Weigh In On Fitell

A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd acquired a new position in Fitell Co. (NASDAQ:FTEL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned approximately 0.08% of Fitell at the end of the most recent reporting period. Institutional investors own 0.10% of the company’s stock.

About Fitell

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.