Speedway Motorsports Inc (NYSE:TRK) Stock Is Shorted More

October 13, 2018 - By Peter Erickson

Speedway Motorsports, Inc. (NYSE:TRK) Logo

Investors sentiment decreased to 1.1 in Q2 2018. Its down 0.06, from 1.16 in 2018Q1. It dived, as 6 investors sold Speedway Motorsports, Inc. shares while 23 reduced holdings. 10 funds opened positions while 22 raised stakes. 8.31 million shares or 0.39% less from 8.34 million shares in 2018Q1 were reported.
California Public Employees Retirement System stated it has 28,169 shares. North Star Invest Mngmt Corporation holds 101,316 shares or 0.2% of its portfolio. Fort Washington Inv Advsrs Oh stated it has 0% in Speedway Motorsports, Inc. (NYSE:TRK). Barclays Public Limited Company accumulated 883 shares. Gamco Investors Et Al invested in 54,000 shares or 0.01% of the stock. 13,048 were accumulated by Rhumbline Advisers. Deutsche Bankshares Ag reported 0% in Speedway Motorsports, Inc. (NYSE:TRK). Federated Investors Pa stated it has 0% of its portfolio in Speedway Motorsports, Inc. (NYSE:TRK). Swiss State Bank holds 0% in Speedway Motorsports, Inc. (NYSE:TRK) or 22,800 shares. Manufacturers Life Com The has invested 0% in Speedway Motorsports, Inc. (NYSE:TRK). Schwab Charles has 0% invested in Speedway Motorsports, Inc. (NYSE:TRK) for 62,844 shares. State Street reported 0% of its portfolio in Speedway Motorsports, Inc. (NYSE:TRK). Carroll Assocs reported 6,533 shares. Royal Bancshares Of Canada holds 510 shares or 0% of its portfolio. Citigroup Inc stated it has 3,208 shares.

The stock of Speedway Motorsports Inc (NYSE:TRK) registered an increase of 3.73% in short interest. TRK’s total short interest was 50,000 shares in October as published by FINRA. Its up 3.73% from 48,200 shares, reported previously. With 22,800 shares average volume, it will take short sellers 2 days to cover their TRK’s short positions. The short interest to Speedway Motorsports Inc’s float is 0.44%.

The stock decreased 1.17% or $0.19 during the last trading session, reaching $15.99. About 27,891 shares traded or 30.86% up from the average. Speedway Motorsports, Inc. (NYSE:TRK) has declined 16.61% since October 13, 2017 and is downtrending. It has underperformed by 32.23% the S&P500.

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company has market cap of $653.98 million. The firm owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities. It has a 4.32 P/E ratio. As of December 31, 2016, its racing facilities included total seating capacity of approximately 784,000 with 760 luxury suites.

Another recent and important Speedway Motorsports, Inc. (NYSE:TRK) news was published by Bizjournals.com which published an article titled: “CBJ Morning Buzz: New CEO, president in charge of one of Charlotte’s largest corporations” on September 27, 2018.

Speedway Motorsports, Inc. (NYSE:TRK) Institutional Positions Chart

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