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

Ontrak, Inc. (NASDAQ:OTRK - Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 61,000 shares, a growth of 315.0% from the September 15th total of 14,700 shares. Based on an average daily trading volume, of 1,620,000 shares, the short-interest ratio is currently 0.0 days. Currently, 4.9% of the shares of the stock are short sold.

Ontrak Price Performance

Shares of Ontrak stock traded down $0.09 during trading on Thursday, reaching $2.26. 476,996 shares of the company's stock were exchanged, compared to its average volume of 698,521. Ontrak has a 1-year low of $1.81 and a 1-year high of $21.29. The firm's 50-day moving average price is $0.80 and its 200 day moving average price is $0.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.64 and a current ratio of 3.64. The company has a market cap of $108.41 million, a P/E ratio of -0.55 and a beta of 2.56.

Ontrak (NASDAQ:OTRK - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.09). Ontrak had a negative return on equity of 238.43% and a negative net margin of 222.54%. The firm had revenue of $2.45 million during the quarter, compared to analyst estimates of $2.60 million. During the same period in the previous year, the company earned ($1.84) EPS. As a group, research analysts anticipate that Ontrak will post -7.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm lowered their price target on Ontrak from $4.00 to $3.00 and set a "buy" rating for the company in a 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.

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