Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,260,000 shares, an increase of 17.8% from the May 31st total of 1,070,000 shares. Approximately 26.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 705,000 shares, the days-to-cover ratio is presently 1.8 days.

Fitell Stock Down 10.0 %

NASDAQ FTEL opened at $30.39 on Friday. The business’s fifty day moving average is $16.19 and its two-hundred day moving average is $8.37. Fitell has a 1 year low of $0.88 and a 1 year high of $39.89.

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.