Ontrak, Inc. (NASDAQ:OTRK) Sees Significant Decline in Short Interest

Ontrak, Inc. (NASDAQ:OTRK) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 54,500 shares, a decline of 46.0% from the February 29th total of 100,900 shares. Based on an average daily trading volume, of 5,090,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OTRK shares. Roth Capital reissued a “buy” rating on shares of Ontrak in a research note on Tuesday, December 5th. Roth Mkm assumed coverage on shares of Ontrak in a report on Tuesday, December 5th. They set a “buy” rating and a $4.00 price objective on the stock.

Institutional Trading of Ontrak

Large investors have recently made changes to their positions in the stock. Armistice Capital LLC bought a new position in Ontrak in the fourth quarter valued at approximately $1,157,000. Renaissance Technologies LLC bought a new stake in Ontrak in the second quarter valued at approximately $35,000. Two Sigma Investments LP lifted its position in shares of Ontrak by 119.9% in the first quarter. Two Sigma Investments LP now owns 51,600 shares of the company’s stock valued at $27,000 after buying an additional 28,131 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Ontrak during the third quarter worth $34,000. Finally, Vanguard Group Inc. lifted its stake in shares of Ontrak by 182.0% during the 3rd quarter. Vanguard Group Inc. now owns 778,960 shares of the company’s stock worth $366,000 after buying an additional 502,702 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

Ontrak Stock Performance

Shares of NASDAQ:OTRK traded up $0.30 on Thursday, hitting $0.89. The company’s stock had a trading volume of 24,926,776 shares, compared to its average volume of 6,134,126. Ontrak has a 12 month low of $0.14 and a 12 month high of $4.08. The stock’s 50-day moving average is $0.22 and its two-hundred day moving average is $0.51. The company has a debt-to-equity ratio of 15.76, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $24.59 million, a price-to-earnings ratio of -0.09 and a beta of 2.20.

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.