Could Catasys Inc (NASDAQ:CATS) Change Direction After More Shorts?

April 20, 2018 - By reb123z

Catasys, Inc. (NASDAQ:CATS) Logo

The stock of Catasys Inc (NASDAQ:CATS) registered an increase of 1.81% in short interest. CATS’s total short interest was 214,000 shares in April as published by FINRA. Its up 1.81% from 210,200 shares, reported previously. With 32,000 shares average volume, it will take short sellers 7 days to cover their CATS’s short positions. The short interest to Catasys Inc’s float is 3.05%.

The stock increased 1.66% or $0.08 during the last trading session, reaching $4.91. About 63,377 shares traded or 15.87% up from the average. Catasys, Inc. (NASDAQ:CATS) has declined 59.65% since April 20, 2017 and is downtrending. It has underperformed by 71.20% the S&P500.

Catasys, Inc. provides data analytics based specialized behavioral health management and integrated treatment services to health plans and other third party payors. The company has market cap of $78.13 million. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services. It currently has negative earnings. The companyÂ’s OnTrak solution includes medical and psychosocial interventions; and a proprietary Web based clinical information platform and database, psychosocial programs, and integrated care coaching services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.