Short Interest in Fitell Co. (NASDAQ:FTEL) Increases By 52.0%

Fitell Co. (NASDAQ:FTEL) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 123,000 shares, a growth of 52.0% from the March 31st total of 80,900 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily volume of 453,300 shares, the short-interest ratio is currently 0.3 days.

Fitell Price Performance

Shares of NASDAQ:FTEL traded down $1.15 on Friday, reaching $8.00. The company’s stock had a trading volume of 1,050,582 shares, compared to its average volume of 946,182. Fitell has a 52-week low of $0.88 and a 52-week high of $9.90. The stock’s 50-day moving average is $6.62 and its two-hundred day moving average is $3.54.

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.