Short Interest in Fitness Champs Holdings Ltd (NASDAQ:FCHL) Decreases By 77.5%

Fitness Champs Holdings Ltd (NASDAQ:FCHL) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 14,384 shares, a drop of 77.5% from the June 15th total of 64,007 shares. Based on an average daily volume of 46,079 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

FCHL has been the topic of several research analyst reports. Weiss Ratings upgraded Fitness Champs from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. Wall Street Zen raised Fitness Champs from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Fitness Champs has a consensus rating of “Sell”.

Fitness Champs Price Performance

NASDAQ:FCHL traded up $0.01 on Friday, reaching $1.34. 30,345 shares of the company’s stock were exchanged, compared to its average volume of 870,327. The stock has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $57.30. Fitness Champs has a 52 week low of $0.86 and a 52 week high of $3,438.00.

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

Institutional Investors Weigh In On Fitness Champs

An institutional investor recently bought a new stake in Fitness Champs stock. Scientech Research LLC purchased a new position in Fitness Champs Holdings Ltd (NASDAQ:FCHL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,312 shares of the company’s stock, valued at approximately $25,000.

Fitness Champs Company Profile

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.