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

Fitell Co. (NASDAQ:FTEL) saw a significant 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. Approximately 2.6% of the company’s stock are sold short. Based on an average daily volume of 453,300 shares, the short-interest ratio is currently 0.3 days.

Fitell Stock Down 23.5 %

Shares of Fitell stock traded down $1.88 during trading on Monday, hitting $6.12. The company’s stock had a trading volume of 1,309,878 shares, compared to its average volume of 425,952. Fitell has a 52 week low of $0.88 and a 52 week high of $9.90. The company has a fifty day simple moving average of $6.62 and a two-hundred day simple moving average of $3.57.

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.