Fast Track Group (NASDAQ:FTRK) Sees Significant Decrease in Short Interest

Fast Track Group (NASDAQ:FTRK) was the recipient of a large decline in short interest during 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. Based on an average daily trading volume, of 415,925 shares, the short-interest ratio is presently 0.8 days. Approximately 1.6% of the company’s stock are sold short.

Fast Track Group Trading Down 2.9%

Shares of Fast Track Group stock traded down $0.01 on Friday, reaching $0.30. 31,433 shares of the company were exchanged, compared to its average volume of 1,327,503. Fast Track Group has a one year low of $0.27 and a one year high of $1.04. The company has a 50-day moving average of $0.43 and a 200 day moving average of $0.47.

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

Institutional Trading of Fast Track Group

A hedge fund recently bought a new position in Fast Track Group stock. Citadel Advisors LLC purchased a new stake in Fast Track Group (NASDAQ:FTRK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 92,086 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned 0.42% of Fast Track Group as of its most recent SEC filing.

Analyst Upgrades and Downgrades

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

Fast Track Group Company Profile

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.