Fitness Champs Holdings Ltd (NASDAQ:FCHL) Sees Significant Growth in Short Interest

Fitness Champs Holdings Ltd (NASDAQ:FCHL) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,536 shares, an increase of 108.1% from the July 30th total of 1,699 shares. Based on an average daily volume of 59,751 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Fitness Champs stock. Scientech Research LLC acquired a new position in Fitness Champs Holdings Ltd (NASDAQ:FCHL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,312 shares of the company’s stock, valued at approximately $25,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FCHL. Wall Street Zen upgraded shares of Fitness Champs from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings lowered shares of Fitness Champs from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Fitness Champs Stock Down 0.1%

Shares of NASDAQ FCHL traded down $0.00 during trading on Friday, hitting $1.02. 19,190 shares of the company were exchanged, compared to its average volume of 717,535. Fitness Champs has a 12-month low of $0.86 and a 12-month high of $3,438.00. The company has a fifty day moving average price of $1.17 and a 200-day moving average price of $29.64.

Fitness Champs (NASDAQ:FCHL) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($1.42) earnings per share (EPS) for the quarter. The company had revenue of $0.79 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.