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

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 151,101 shares, a growth of 684.6% from the September 30th total of 19,258 shares. Based on an average trading volume of 5,330,174 shares, the short-interest ratio is currently 0.0 days.

Fitness Champs Stock Performance

Shares of NASDAQ FCHL opened at $0.86 on Thursday. Fitness Champs has a twelve month low of $0.75 and a twelve month high of $234.00. The company has a 50 day moving average of $0.98 and a 200 day moving average of $31.73.

Fitness Champs (NASDAQ:FCHL) last issued its earnings results on Thursday, August 27th. The company reported ($1.42) EPS for the quarter. The business had revenue of $0.79 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Fitness Champs from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Fitness Champs presently has an average rating of “Sell”.

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.