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

Fast Track Group (NASDAQ:FTRK) was the target of a significant 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. Based on an average daily volume of 18,885,256 shares, the days-to-cover ratio is presently 0.1 days. Approximately 5.3% of the shares of the stock are short sold.

Institutional Trading of 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:FTRK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Fast Track Group Trading Down 2.6%

Shares of FTRK opened at $0.48 on Friday. The stock has a 50 day moving average price of $0.46 and a 200 day moving average price of $0.52. Fast Track Group has a one year low of $0.29 and a one year high of $1.04.

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

Wall Street Analyst Weigh In

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, July 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus 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.