Fitell Co. (NASDAQ:FTEL) Short Interest Update

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

Fitell Price Performance

Shares of NASDAQ:FTEL traded down $1.15 during trading on Friday, hitting $8.00. The company’s stock had a trading volume of 1,050,582 shares, compared to its average volume of 946,182. The company has a 50-day moving average of $6.62 and a 200-day moving average of $3.54. Fitell has a 12 month low of $0.88 and a 12 month high of $9.90.

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.