Fitness Champs Holdings Ltd (NASDAQ:FCHL) Sees Large Growth in Short Interest

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 1,180,738 shares, an increase of 149.1% from the April 15th total of 473,943 shares. Based on an average daily trading volume, of 75,164,332 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Fitness Champs to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Fitness Champs

A hedge fund recently bought a new stake in Fitness Champs stock. Scientech Research LLC acquired a new stake in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 45,312 shares of the company’s stock, valued at approximately $25,000.

Fitness Champs Price Performance

Shares of Fitness Champs stock traded down $0.87 during midday trading on Friday, reaching $1.81. 608,599 shares of the company’s stock traded hands, compared to its average volume of 1,065,801. The stock has a 50 day moving average of $49.02 and a 200-day moving average of $103.78. Fitness Champs has a 12 month low of $1.27 and a 12 month high of $3,438.00.

Fitness Champs Company Profile

Our mission is to make swimming an affordable sport for all by offering comprehensive swimming lessons and teaching swimming skills and techniques to our students and to encourage the public mass to use swimming as a healthy and fun sport for all ages. We believe we are a leading sports education provider in Singapore based on the following: (i) in 2023, we were the largest service provider of the SwimSafer Program based on the number of assessment bookings, accounting for approximately 30% of market share; and (ii) we are one of the few swim education providers in Singapore that provides both services to students under training programs funded by the Singapore Government and provision of customized private swimming training services.