Fitell Corp (NASDAQ:GMEX) Short Interest Update

by · The Markets Daily

Fitell Corp (NASDAQ:GMEX – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 56,627 shares, a decline of 47.6% from the April 30th total of 108,017 shares. Currently, 6.5% of the company’s shares are short sold. Based on an average daily trading volume, of 637,084 shares, the days-to-cover ratio is presently 0.1 days.

Fitell Price Performance

Shares of GMEX traded down $0.35 during mid-day trading on Monday, hitting $1.12. The company had a trading volume of 2,353,542 shares, compared to its average volume of 817,047. The company has a debt-to-equity ratio of 3.78, a current ratio of 4.88 and a quick ratio of 3.98. Fitell has a 1-year low of $1.07 and a 1-year high of $1,075.20.

Fitell (NASDAQ:GMEX – Get Free Report) last announced its quarterly earnings results on Friday, April 17th. The company reported ($59.46) earnings per share for the quarter. The business had revenue of $1.37 million for the quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GMEX shares. Weiss Ratings started coverage on shares of Fitell in a research report on Monday, April 27th. They issued a “sell (d-)” rating on the stock. Wall Street Zen raised shares of Fitell to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Stock Analysis on GMEX

Fitell Company Profile

(Get Free Report)

Founded in 2007 and headquartered in New South Wales, Australia, GD Wellness Pty Ltd (“GD”) is a wholly owned subsidiary of Fitell Corporation, a Cayman Islands company (together with its subsidiaries, “Fitell,”). We are an online retailer of gym and fitness equipment both under our proprietary brands and other brand names. Fitell’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years, which we believe to be a testament of our product quality and brand loyalty.

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