Fitell Co. (NASDAQ:FTEL) Short Interest Up 10.3% in July

Fitell Co. (NASDAQ:FTEL) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,610,000 shares, a growth of 10.3% from the July 15th total of 1,460,000 shares. Based on an average trading volume of 318,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 34.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fitell

A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd bought a new stake in shares of Fitell Co. (NASDAQ:FTEL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned about 0.08% of Fitell as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.10% of the company’s stock.

Fitell Stock Down 5.6 %

Shares of NASDAQ:FTEL traded down $0.87 during trading on Monday, reaching $14.70. The company’s stock had a trading volume of 25,019 shares, compared to its average volume of 392,160. The firm’s 50 day simple moving average is $22.68 and its two-hundred day simple moving average is $13.26. Fitell has a 12 month low of $0.88 and a 12 month high of $39.89.

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.