Fast Track Group (NASDAQ:FTRK) Short Interest Update

Fast Track Group (NASDAQ:FTRK) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,147,028 shares, an increase of 15,331.6% from the June 30th total of 7,433 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily volume of 18,885,256 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Fast Track Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Fast Track Group

A hedge fund recently bought a new position in Fast Track Group stock. Citadel Advisors LLC acquired a new stake in Fast Track Group (NASDAQ:FTRK) during the third quarter, according to the company in its most recent 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 0.42% of Fast Track Group at the end of the most recent quarter.

Fast Track Group Price Performance

Fast Track Group stock traded down $0.01 during trading hours on Friday, reaching $0.48. The company had a trading volume of 1,907,031 shares, compared to its average volume of 1,454,882. Fast Track Group has a 12-month low of $0.29 and a 12-month high of $1.04. The company has a 50-day moving average price of $0.46 and a 200 day moving average price of $0.52.

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 during the quarter.

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.