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

Ontrak, Inc. (NASDAQ:OTRK) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 214,300 shares, a decrease of 19.3% from the June 30th total of 265,400 shares. Based on an average daily volume of 445,800 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Ontrak

An institutional investor recently bought a new position in Ontrak stock. Armistice Capital LLC purchased a new stake in Ontrak, Inc. (NASDAQ:OTRK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,886,000 shares of the company’s stock, valued at approximately $1,157,000. Armistice Capital LLC owned approximately 10.47% of Ontrak as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Ontrak Price Performance

Shares of Ontrak stock traded up $0.01 during midday trading on Friday, hitting $0.26. 207,753 shares of the company were exchanged, compared to its average volume of 260,565. Ontrak has a 52 week low of $0.14 and a 52 week high of $2.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a 50 day simple moving average of $0.24 and a 200-day simple moving average of $0.26. The firm has a market cap of $12.48 million, a P/E ratio of -0.07 and a beta of 2.61.

Ontrak (NASDAQ:OTRK) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.08. Ontrak had a negative net margin of 186.35% and a negative return on equity of 304.29%. The firm had revenue of $2.68 million during the quarter, compared to analysts’ expectations of $2.70 million. During the same quarter last year, the company posted ($2.22) EPS. Research analysts forecast that Ontrak will post -0.4 earnings per share for the current year.

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.