Short Interest in Fast Track Group (NASDAQ:FTRK) Declines By 49.4%

Fast Track Group (NASDAQ:FTRK) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 7,433 shares, a decline of 49.4% from the June 15th total of 14,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 17,330 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Fast Track Group

A hedge fund recently bought a new stake in Fast Track Group stock. Citadel Advisors LLC purchased a new stake in shares of Fast Track Group (NASDAQ:FTRK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 92,086 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned 0.42% of Fast Track Group at the end of the most recent reporting period.

Fast Track Group Trading Down 2.4%

Shares of NASDAQ FTRK traded down $0.01 during midday trading on Thursday, reaching $0.43. The company had a trading volume of 1,240,967 shares, compared to its average volume of 1,495,591. Fast Track Group has a one year low of $0.29 and a one year high of $1.04. The firm’s fifty day moving average price is $0.45 and its 200-day moving average price is $0.53.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fast Track Group in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fast Track Group presently has an average rating of “Sell”.

About Fast Track Group

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.