Short Interest in Fitness Champs Holdings Ltd (NASDAQ:FCHL) Declines By 44.5%

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,699 shares, a decline of 44.5% from the July 15th total of 3,063 shares. Based on an average trading volume of 349,668 shares, the days-to-cover ratio is presently 0.0 days.

Fitness Champs Stock Down 4.5%

Shares of FCHL stock opened at $1.07 on Wednesday. Fitness Champs has a one year low of $0.86 and a one year high of $3,438.00. The stock has a fifty day moving average price of $1.21 and a 200 day moving average price of $35.13.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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 upgraded shares of Fitness Champs from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fitness Champs presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Fitness Champs

A hedge fund 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 filing with the SEC. The fund bought 45,312 shares of the company’s stock, valued at approximately $25,000.

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.