Ontrak, Inc. (NASDAQ:OTRK – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 214,300 shares, a drop 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 currently 0.5 days.
Hedge Funds Weigh In On Ontrak
An institutional investor recently bought a new position in Ontrak stock. Armistice Capital LLC bought a new stake in shares of Ontrak, Inc. (NASDAQ:OTRK – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 and hedge funds.
Ontrak Trading Up 3.7 %
Shares of NASDAQ OTRK traded up $0.01 during trading on Friday, hitting $0.26. 207,753 shares of the company traded hands, compared to its average volume of 260,565. The firm has a market capitalization of $12.48 million, a P/E ratio of -0.07 and a beta of 2.61. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $0.24 and a 200-day moving average price of $0.26. Ontrak has a 1 year low of $0.14 and a 1 year high of $2.71.
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.
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