How Is The Market Feeling About Ontrak?
Portfolio Pulse from Benzinga Insights
Ontrak's short interest has decreased by 72.24%, with 61,000 shares sold short, representing 4.85% of its float. This is higher than its peers' average of 1.84%. The decrease in short interest may indicate a shift in market sentiment.
October 11, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ontrak's short interest has significantly decreased, which may indicate a shift in market sentiment. The current short interest is 4.85% of its float, higher than the peer average of 1.84%.
The significant decrease in short interest suggests that bearish sentiment is waning, which could lead to a positive price movement. However, the short interest is still higher than peers, indicating some level of caution remains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100