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

Fast Track Group (NASDAQ:FTRK) saw a large increase in short interest in 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 short-interest ratio is presently 0.1 days. Approximately 5.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Fast Track Group Price Performance

Shares of NASDAQ FTRK opened at $0.48 on Friday. The company’s fifty day simple moving average is $0.46 and its 200 day simple moving average is $0.52. Fast Track Group has a 12-month low of $0.29 and a 12-month high of $1.04.

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

Institutional Inflows and Outflows

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

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.