Fitell Corporation (NASDAQ:FTEL) Sees Significant Decrease in Short Interest

Fitell Corporation (NASDAQ:FTEL) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 14,700 shares, adecreaseof66.8% from the July 31st total of 44,300 shares. Based on an average daily trading volume, of 274,000 shares, the short-interest ratio is currently 0.1 days. Approximately0.1% of the company’s shares are sold short. Approximately0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 274,000 shares, the short-interest ratio is currently 0.1 days.

Fitell Trading Up 3.8%

FTEL stock opened at $0.48 on Wednesday. Fitell has a 1-year low of $0.36 and a 1-year high of $49.50. The business’s 50-day moving average price is $0.58 and its two-hundred day moving average price is $0.60.

Institutional Trading of Fitell

An institutional investor recently raised its position in Fitell stock. Vanguard Personalized Indexing Management LLC grew its position in Fitell Corporation (NASDAQ:FTEL) by 114.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,500 shares of the company’s stock after purchasing an additional 35,966 shares during the period. Vanguard Personalized Indexing Management LLC owned approximately 0.32% of Fitell worth $34,000 at the end of the most recent quarter. 0.10% of the stock is owned by institutional investors.

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.