Short Interest in Fitell Co. (NASDAQ:FTEL) Expands By 17.8%

Fitell Co. (NASDAQ:FTEL) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 1,260,000 shares, a growth of 17.8% from the May 31st total of 1,070,000 shares. Approximately 26.9% of the shares of the stock are short sold. Based on an average daily volume of 705,000 shares, the short-interest ratio is currently 1.8 days.

Fitell Trading Down 10.0 %

Shares of FTEL opened at $30.39 on Friday. The stock has a fifty day moving average price of $16.19 and a two-hundred day moving average price of $8.37. 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.