Fitell Co. (NASDAQ:FTEL) Short Interest Update

Fitell Co. (NASDAQ:FTEL) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 580,800 shares, an increase of 174.2% from the January 31st total of 211,800 shares. Based on an average trading volume of 936,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 4.3% of the shares of the company are sold short.

Fitell Price Performance

FTEL traded down $0.02 on Friday, hitting $0.68. 191,203 shares of the company’s stock were exchanged, compared to its average volume of 1,339,328. Fitell has a twelve month low of $0.63 and a twelve month high of $49.50. The stock has a fifty day moving average of $6.78 and a two-hundred day moving average of $16.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fitell stock. Y Intercept Hong Kong Ltd bought a new position in Fitell Co. (NASDAQ:FTEL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,043 shares of the company’s stock, valued at approximately $88,000. Hedge funds and other 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.