Short Interest in Fast Track Group (NASDAQ:FTRK) Drops By 70.3%

Fast Track Group (NASDAQ:FTRKGet Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 340,316 shares, a decline of 70.3% from the July 15th total of 1,147,028 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 415,925 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Fast Track Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Stock Report on FTRK

Institutional Investors Weigh In On Fast Track Group

A hedge fund recently bought a new stake in Fast Track Group stock. Citadel Advisors LLC acquired a new position in shares of Fast Track Group (NASDAQ:FTRKFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 92,086 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned approximately 0.42% of Fast Track Group as of its most recent filing with the Securities & Exchange Commission.

Fast Track Group Stock Performance

NASDAQ:FTRK opened at $0.30 on Thursday. Fast Track Group has a 52 week low of $0.27 and a 52 week high of $1.04. The company has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $0.47.

Fast Track Group (NASDAQ:FTRKGet Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.38 million during the quarter.

About Fast Track Group

(Get Free Report)

Fast Track Events Pte. Ltd. was incorporated as an exempt private company limited by shares in Singapore on March 8, 2012 as an operating company of our businesses. We are a regional entertainment-focused event management and marketing company that provides a full range of services including experiential marketing, artiste endorsement and management, movie premiere organizations, grand openings and concerts. In addition to our expertise in event and concert management, we offer comprehensive value-added services tailored to meet specific client demands.

Further Reading

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