Short Interest in Fitness Champs Holdings Ltd (NASDAQ:FCHL) Increases By 108.1%

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,536 shares, a growth of 108.1% from the July 30th total of 1,699 shares. Based on an average daily volume of 59,751 shares, the short-interest ratio is currently 0.1 days.

Fitness Champs Stock Performance

FCHL stock opened at $1.02 on Monday. The firm’s 50-day moving average price is $1.17 and its two-hundred day moving average price is $29.11. Fitness Champs has a 12-month low of $0.86 and a 12-month high of $3,438.00.

Fitness Champs (NASDAQ:FCHL) last posted its earnings results on Thursday, August 27th. The company reported ($1.42) earnings per share for the quarter. The firm had revenue of $0.79 million for the quarter.

Hedge Funds Weigh In On Fitness Champs

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

Analyst Ratings Changes

Several research firms have commented on FCHL. Weiss Ratings downgraded shares of Fitness Champs from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Wall Street Zen raised shares of Fitness Champs from a “sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.