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

Fast Track Group (NASDAQ:FTRK) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 210,343 shares, a decrease of 20.7% from the December 15th total of 265,388 shares. Based on an average daily volume of 174,142 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 174,142 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Fast Track Group

An institutional investor recently bought a new position in Fast Track Group stock. Citadel Advisors LLC bought a new position in shares of Fast Track Group (NASDAQ:FTRK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Fast Track Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Fast Track Group Stock Down 1.5%

Shares of NASDAQ:FTRK traded down $0.01 during mid-day trading on Friday, reaching $0.75. 14,100 shares of the stock were exchanged, compared to its average volume of 104,981. The stock’s 50 day simple moving average is $0.66 and its 200-day simple moving average is $0.59. Fast Track Group has a one year low of $0.29 and a one year high of $9.69.

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.