Fitell Corp (NASDAQ:GMEX) Short Interest Update

Fitell Corp (NASDAQ:GMEX) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 38,837 shares, a decline of 32.6% from the July 30th total of 57,612 shares. Based on an average trading volume of 605,555 shares, the short-interest ratio is presently 0.1 days. Currently, 4.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Fitell from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fitell in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Fitell currently has an average rating of “Sell”.

Fitell Price Performance

Fitell stock opened at $0.85 on Wednesday. The business’s 50 day moving average price is $1.91. The company has a debt-to-equity ratio of 3.78, a quick ratio of 3.98 and a current ratio of 4.88. Fitell has a fifty-two week low of $0.83 and a fifty-two week high of $7,958.21.

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.