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

Ontrak, Inc. (NASDAQ:OTRK) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 57,100 shares, a decline of 37.0% from the January 15th total of 90,600 shares. Based on an average daily volume of 49,100 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.5% of the company’s stock are sold short.

Ontrak Stock Performance

Shares of OTRK opened at $1.40 on Thursday. The firm has a market cap of $5.91 million, a price-to-earnings ratio of -0.13 and a beta of 2.54. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $1.67 and its two-hundred day moving average is $2.27. Ontrak has a 52-week low of $1.36 and a 52-week high of $16.05.

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.