Ontrak, Inc. (NASDAQ:OTRK) Short Interest Update

Ontrak, Inc. (NASDAQ:OTRK) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 14,700 shares, a decline of 95.6% from the August 31st total of 333,100 shares. Based on an average daily trading volume, of 42,000 shares, the days-to-cover ratio is currently 0.4 days.

Ontrak Trading Up 4.3 %

NASDAQ:OTRK traded up $0.11 during mid-day trading on Thursday, hitting $2.65. 82,797 shares of the stock traded hands, compared to its average volume of 184,096. The stock has a market capitalization of $8.48 million, a price-to-earnings ratio of -0.69 and a beta of 2.58. Ontrak has a 52 week low of $2.03 and a 52 week high of $21.29. The firm’s 50 day moving average is $0.38 and its two-hundred day moving average is $0.32. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.43.

Ontrak (NASDAQ:OTRK) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The firm had revenue of $2.45 million for the quarter, compared to the consensus estimate of $2.60 million. Ontrak had a negative net margin of 222.54% and a negative return on equity of 238.43%. During the same quarter in the previous year, the company posted ($1.84) earnings per share. On average, equities research analysts predict that Ontrak will post -7.35 earnings per share for the current year.

Hedge Funds Weigh In On Ontrak

A hedge fund recently bought a new stake in Ontrak stock. Armistice Capital LLC bought a new position in Ontrak, Inc. (NASDAQ:OTRK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,886,000 shares of the company’s stock, valued at approximately $1,157,000. Armistice Capital LLC owned approximately 10.47% of Ontrak at the end of the most recent reporting period. 12.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price target on shares of Ontrak from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

About Ontrak

Ontrak, Inc operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to third-party payors in the United States. Its technology-enabled platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages and guides them to and through the care they need.