Fitness Champs Holdings Ltd (NASDAQ:FCHL) Sees Significant Decrease in Short Interest

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the target of a large drop in short interest during 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 trading volume of 46,079 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen raised 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 report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fitness Champs currently has a consensus rating of “Sell”.

Institutional Trading of Fitness Champs

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

Fitness Champs Trading Down 9.7%

Fitness Champs stock traded down $0.13 during mid-day trading on Monday, hitting $1.21. The company’s stock had a trading volume of 37,071 shares, compared to its average volume of 863,972. Fitness Champs has a 1 year low of $0.86 and a 1 year high of $3,438.00. The stock’s fifty day moving average is $1.46 and its two-hundred day moving average is $56.05.

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