Short Interest in Fast Track Group (NASDAQ:FTRK) Declines By 17.4%
by Renee Jackson · The Cerbat GemFast Track Group (NASDAQ:FTRK – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 130,817 shares, a drop of 17.4% from the March 15th total of 158,395 shares. Based on an average daily trading volume, of 45,573 shares, the days-to-cover ratio is presently 2.9 days. Currently, 0.6% of the shares of the company are sold short.
Fast Track Group Stock Up 9.8%
NASDAQ FTRK traded up $0.03 during trading on Thursday, reaching $0.39. 14,170 shares of the company traded hands, compared to its average volume of 24,842. The stock’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.58. Fast Track Group has a 1-year low of $0.29 and a 1-year high of $9.69.
Fast Track Group (NASDAQ:FTRK – Get Free Report) last released its quarterly earnings data on Tuesday, January 13th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.47 million during the quarter.
Institutional Investors Weigh In On Fast Track Group
A hedge fund recently bought a new stake in Fast Track Group stock. Citadel Advisors LLC acquired a new stake in shares of Fast Track Group (NASDAQ:FTRK – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 92,086 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned approximately 0.42% of Fast Track Group at the end of the most recent quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Fast Track Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Stock Report on Fast Track Group
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.