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

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the recipient of a large drop in short interest in 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 trading volume of 46,079 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Fitness Champs

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

Analyst Ratings Changes

FCHL has been the topic of several recent research reports. Weiss Ratings raised shares of Fitness Champs from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. Wall Street Zen upgraded 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 data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Fitness Champs Stock Performance

Shares of NASDAQ:FCHL traded up $0.01 during trading on Friday, reaching $1.34. The stock had a trading volume of 30,345 shares, compared to its average volume of 870,327. The business has a fifty day moving average price of $1.50 and a 200-day moving average price of $56.85. Fitness Champs has a fifty-two week low of $0.86 and a fifty-two week high of $3,438.00.

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

About Fitness Champs

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.