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

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

Analyst Ratings Changes

Separately, Roth Mkm lowered their target price on Ontrak from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Institutional Trading of Ontrak

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

Ontrak Stock Up 4.3 %

OTRK stock opened at $2.65 on Friday. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $0.43 and its 200 day simple moving average is $0.33. The stock has a market cap of $8.48 million, a PE ratio of -0.66 and a beta of 2.58. Ontrak has a fifty-two week low of $2.03 and a fifty-two week high of $21.29.

Ontrak (NASDAQ:OTRK) last posted its 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). Ontrak had a negative net margin of 222.54% and a negative return on equity of 238.43%. The business had revenue of $2.45 million during the quarter, compared to analyst estimates of $2.60 million. During the same quarter in the prior year, the business earned ($1.84) earnings per share. As a group, sell-side analysts predict that Ontrak will post -7.35 EPS for the current year.

Ontrak Company Profile

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.