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

Fast Track Group (NASDAQ:FTRKGet Free Report) saw a large decline in short interest in 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 trading volume of 415,925 shares, the short-interest ratio is currently 0.8 days. Approximately 1.6% of the company’s stock are sold short.

Fast Track Group Stock Performance

Fast Track Group stock opened at $0.30 on Thursday. The stock’s fifty day moving average is $0.43 and its two-hundred day moving average is $0.47. Fast Track Group has a 1-year low of $0.27 and a 1-year high of $1.04.

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Fast Track Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Research Report on Fast Track Group

Fast Track Group Company Profile

(Get Free Report)

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.

Further Reading

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