Short Interest in Ontrak, Inc. (NASDAQ:OTRK) Rises By 126.6%

Ontrak, Inc. (NASDAQ:OTRK) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 138,200 shares, a growth of 126.6% from the September 30th total of 61,000 shares. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is presently 0.1 days. Currently, 8.3% of the shares of the stock are sold short.

Ontrak Price Performance

Shares of NASDAQ OTRK traded up $0.11 during mid-day trading on Friday, hitting $1.97. 105,321 shares of the stock were exchanged, compared to its average volume of 5,238,511. The company has a market cap of $8.31 million, a P/E ratio of -0.06 and a beta of 2.56. The stock’s fifty day simple moving average is $2.79 and its two-hundred day simple moving average is $3.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.64 and a current ratio of 3.64. Ontrak has a twelve month low of $1.81 and a twelve month high of $21.29.

Ontrak (NASDAQ:OTRK) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($2.85) earnings per share for the quarter, missing the consensus estimate of ($1.50) by ($1.35). The firm had revenue of $2.45 million for the quarter, compared to analyst estimates of $2.60 million. Ontrak had a negative return on equity of 238.43% and a negative net margin of 222.54%. During the same period in the previous year, the business posted ($27.60) EPS. As a group, analysts forecast that Ontrak will post -7.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their price target on shares of Ontrak from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

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.