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

Fast Track Group (NASDAQ:FTRK) was the target of a significant increase in short interest during 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 currently 0.1 days. Currently, 5.3% of the shares of the stock are sold short.

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 shares of Fast Track Group (NASDAQ:FTRK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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).

Fast Track Group Trading Down 2.6%

NASDAQ FTRK traded down $0.01 during trading hours on Friday, reaching $0.48. 1,907,031 shares of the stock traded hands, compared to its average volume of 1,454,882. The stock has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.52. Fast Track Group has a 1 year low of $0.29 and a 1 year high of $1.04.

Fast Track Group (NASDAQ:FTRK) last posted 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.

Wall Street Analysts Forecast Growth

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