Short Interest in Fitness Champs Holdings Ltd (NASDAQ:FCHL) Decreases By 77.5%

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 14,384 shares, a drop of 77.5% from the June 15th total of 64,007 shares. Based on an average daily trading volume, of 46,079 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FCHL. Wall Street Zen raised Fitness Champs from a “sell” rating to a “hold” rating in a report 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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Fitness Champs Stock Up 0.8%

Fitness Champs stock traded up $0.01 during midday trading on Friday, hitting $1.34. 30,345 shares of the stock were exchanged, compared to its average volume of 870,327. Fitness Champs has a 52-week low of $0.86 and a 52-week high of $3,438.00. The business’s 50-day moving average price is $1.50 and its 200-day moving average price is $57.30.

Fitness Champs (NASDAQ:FCHL) last released its earnings results on Saturday, May 16th. The company reported ($52.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.76 million during the quarter.

Hedge Funds Weigh In On Fitness Champs

An institutional investor recently bought a new position in Fitness Champs stock. Scientech Research LLC purchased a new stake in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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.