Fitness Champs Holdings Ltd (NASDAQ:FCHL) Short Interest Down 79.8% in May

Fitness Champs Holdings Ltd (NASDAQ:FCHL) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 238,756 shares, a decline of 79.8% from the April 30th total of 1,180,738 shares. Based on an average daily volume of 6,144,687 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Fitness Champs from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fitness Champs presently has a consensus rating of “Sell”.

Fitness Champs Price Performance

Shares of FCHL stock traded down $0.02 on Friday, reaching $1.38. 74,721 shares of the company’s stock were exchanged, compared to its average volume of 985,241. The company’s fifty day simple moving average is $29.84 and its 200 day simple moving average is $89.68. Fitness Champs has a 52 week low of $1.27 and a 52 week high of $3,438.00.

Fitness Champs (NASDAQ:FCHL) last posted its quarterly 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 bought a new stake in Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.