Fitell Corp (NASDAQ:GMEX) Stock Short Interest Report for September

Fitell Corp (NASDAQ:GMEX) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 31,421 shares, a decrease of 79.0% from the September 15th total of 149,900 shares. Approximately 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 568,039 shares, the days-to-cover ratio is presently 0.1 days.

Fitell Stock Down 3.6%

NASDAQ GMEX traded down $0.06 during trading on Tuesday, reaching $1.65. 38,709 shares of the company’s stock were exchanged, compared to its average volume of 122,231. The firm’s 50 day simple moving average is $6.52. Fitell has a fifty-two week low of $1.55 and a fifty-two week high of $22,225.94.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Fitell in a research note on Friday, July 24th. Wall Street Zen lowered shares of Fitell from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Fitell has an average rating of “Sell”.

Fitell Company Profile

Founded in 2007 and headquartered in New South Wales, Australia, GD Wellness Pty Ltd (“GD”) is a wholly owned subsidiary of Fitell Corporation, a Cayman Islands company (together with its subsidiaries, “Fitell,”). We are an online retailer of gym and fitness equipment both under our proprietary brands and other brand names. Fitell’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years, which we believe to be a testament of our product quality and brand loyalty.