Fast Track Group (NASDAQ:FTRK) Short Interest Update

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

Institutional Trading of Fast Track Group

A hedge fund 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) in the 3rd quarter, according to its most recent 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 0.42% of Fast Track Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Fast Track Group Stock Performance

Shares of Fast Track Group stock traded down $0.01 during trading hours on Monday, reaching $0.75. The stock had a trading volume of 14,100 shares, compared to its average volume of 104,981. The firm has a 50 day simple moving average of $0.66 and a two-hundred day simple moving average of $0.59. Fast Track Group has a 1 year low of $0.29 and a 1 year high of $9.69.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Fast Track Group presently has an average rating of “Sell”.

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.