Fitell Corp (NASDAQ:GMEX) Short Interest Update

Fitell Corp (NASDAQ:GMEX) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 130,859 shares, a growth of 131.1% from the May 14th total of 56,627 shares. Approximately 15.0% of the company’s shares are short sold. Based on an average daily volume of 4,740,094 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GMEX shares. Weiss Ratings started coverage on Fitell in a report on Monday, April 27th. They issued a “sell (d-)” rating for the company. Wall Street Zen upgraded Fitell to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Fitell presently has an average rating of “Sell”.

Fitell Price Performance

Shares of Fitell stock opened at $0.79 on Monday. Fitell has a 1 year low of $0.71 and a 1 year high of $1,075.20. 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 (NASDAQ:GMEX) last announced its quarterly earnings results on Friday, April 17th. The company reported ($59.46) earnings per share (EPS) for the quarter. The business had revenue of $1.37 million during the quarter.

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.