Fitness Champs Holdings Ltd (NASDAQ:FCHL) Short Interest Down 79.8% in May

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 238,756 shares, a drop of 79.8% from the April 30th total of 1,180,738 shares. Based on an average daily trading volume, of 6,144,687 shares, the short-interest ratio is currently 0.0 days.

Fitness Champs Stock Down 1.1%

Shares of FCHL stock traded down $0.02 during trading hours on Friday, reaching $1.38. 74,721 shares of the stock were exchanged, compared to its average volume of 985,241. Fitness Champs has a 12-month low of $1.27 and a 12-month high of $3,438.00. The business’s fifty day moving average is $29.84 and its two-hundred day moving average is $89.68.

Fitness Champs (NASDAQ:FCHL) last released its quarterly earnings data on Saturday, May 16th. The company reported ($52.14) earnings per share for the quarter. The business had revenue of $0.76 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Fitness Champs from a “sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

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

About Fitness Champs

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.