Short Interest in Fitness Champs Holdings Ltd (NASDAQ:FCHL) Rises By 84.1%

Fitness Champs Holdings Ltd (NASDAQ:FCHL) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 64,007 shares, a growth of 84.1% from the May 31st total of 34,770 shares. Based on an average trading volume of 947,179 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Fitness Champs

An institutional investor recently bought a new position in Fitness Champs stock. Scientech Research LLC bought a new stake in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,312 shares of the company’s stock, valued at approximately $25,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FCHL. Wall Street Zen raised shares of Fitness Champs from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded shares of Fitness Champs from a “sell (e)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Fitness Champs Price Performance

Shares of FCHL opened at $1.17 on Thursday. The business’s 50-day moving average price is $2.12 and its 200 day moving average price is $63.16. Fitness Champs has a 1-year low of $0.86 and a 1-year high of $3,438.00.

Fitness Champs (NASDAQ:FCHL) last posted its quarterly earnings data 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.