Fitness Champs Holdings Ltd (NASDAQ:FCHL) Sees Large Increase in Short Interest

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 24,136 shares, a growth of 582.6% from the August 15th total of 3,536 shares. Based on an average trading volume of 29,701 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FCHL shares. Wall Street Zen raised Fitness Champs from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut Fitness Champs from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Fitness Champs

A hedge fund recently bought a new stake in Fitness Champs stock. Scientech Research LLC purchased a new stake in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 45,312 shares of the company’s stock, valued at approximately $25,000.

Fitness Champs Stock Performance

Fitness Champs stock traded down $0.03 during mid-day trading on Friday, reaching $0.94. The company had a trading volume of 17,317 shares, compared to its average volume of 681,329. The business has a fifty day simple moving average of $1.13 and a 200 day simple moving average of $22.70. 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 announced its quarterly earnings results on Thursday, August 27th. The company reported ($1.42) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million for the quarter.

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.