Fitell Co. (NASDAQ:FTEL) Short Interest Down 15.9% in October

Fitell Co. (NASDAQ:FTEL - Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,160,000 shares, a decline of 15.9% from the October 15th total of 1,380,000 shares. Approximately 24.8% of the company's stock are short sold. Based on an average daily volume of 153,800 shares, the days-to-cover ratio is presently 7.5 days.

Institutional Investors Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd purchased a new stake in shares of Fitell Co. (NASDAQ:FTEL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,028 shares of the company's stock, valued at approximately $274,000. XTX Topco Ltd owned about 0.08% of Fitell at the end of the most recent reporting period. 0.10% of the stock is currently owned by institutional investors.

Fitell Stock Performance

Shares of FTEL stock traded up $8.05 during trading on Friday, hitting $36.25. The company's stock had a trading volume of 358,407 shares, compared to its average volume of 327,653. The business has a fifty day moving average of $21.81 and a 200-day moving average of $19.63. Fitell has a 52 week low of $0.88 and a 52 week high of $39.89.

Fitell Company Profile

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.