Fast Track Group (NASDAQ:FTRK) Short Interest Down 70.3% in July

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

Fast Track Group Price Performance

Shares of FTRK stock traded down $0.02 during trading hours on Friday, hitting $0.29. The stock had a trading volume of 47,700 shares, compared to its average volume of 265,558. The stock’s 50 day moving average is $0.42 and its 200 day moving average is $0.46. Fast Track Group has a twelve month low of $0.27 and a twelve month high of $1.04.

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

Hedge Funds Weigh In On Fast Track Group

An institutional investor recently bought a new stake in Fast Track Group stock. Citadel Advisors LLC acquired a new stake in shares of Fast Track Group (NASDAQ:FTRK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 92,086 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned about 0.42% of Fast Track Group as of its most recent SEC filing.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus 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.