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

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 24,136 shares, an increase of 582.6% from the August 15th total of 3,536 shares. Based on an average daily volume of 29,701 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fitness Champs stock. Scientech Research LLC acquired a new stake in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,312 shares of the company’s stock, valued at approximately $25,000.

Analyst Ratings Changes

Several research analysts have recently commented on FCHL shares. Weiss Ratings lowered shares of Fitness Champs from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. Wall Street Zen raised Fitness Champs from a “sell” rating to a “hold” rating in a report on Monday, May 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Fitness Champs Price Performance

Fitness Champs stock opened at $0.96 on Friday. Fitness Champs has a 52-week low of $0.86 and a 52-week high of $3,438.00. The firm has a 50-day moving average price of $1.13 and a two-hundred day moving average price of $22.85.

Fitness Champs (NASDAQ:FCHL) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($1.42) EPS for the quarter. The business had revenue of $0.79 million for the quarter.

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.