Short Interest in Ontrak, Inc. (NASDAQ:OTRK) Declines By 12.1%

Ontrak, Inc. (NASDAQ:OTRK – Get Rating) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,090,000 shares, a decrease of 12.1% from the February 13th total of 1,240,000 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average daily volume of 3,800,000 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Ontrak

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Ontrak by 182.0% during the 3rd quarter. Vanguard Group Inc. now owns 778,960 shares of the company’s stock valued at $366,000 after acquiring an additional 502,702 shares in the last quarter. State Street Corp boosted its holdings in shares of Ontrak by 33.3% during the 1st quarter. State Street Corp now owns 229,254 shares of the company’s stock valued at $519,000 after acquiring an additional 57,287 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Ontrak during the 2nd quarter valued at $125,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Ontrak during the 2nd quarter valued at $36,082,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Ontrak during the 3rd quarter valued at $34,000. Institutional investors own 49.82% of the company’s stock.

Ontrak Price Performance

NASDAQ:OTRK opened at $0.49 on Monday. The firm has a market capitalization of $13.23 million, a price-to-earnings ratio of -0.14 and a beta of 2.82. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.70. Ontrak has a 12-month low of $0.34 and a 12-month high of $2.67. The stock’s 50 day moving average price is $0.76 and its two-hundred day moving average price is $0.57.

About Ontrak

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Ontrak, Inc engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its Ontrak platform solution, which is designed to improve member health, and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions.