OTRK - Should You Buy This Under-the-Radar Reddit Telehealth Stock?
In the past five trading days, shares of Ontrak (NASDAQ: OTRK) are up 13% after the digital behavioral health provider found its way onto the radar of r/WallStreetBets (WSB) traders on Reddit. Ontrak was one of the best healthcare stocks to buy in 2020 with a return of nearly 300% last year.
Ontrak's momentum quickly evaporated, however, after it reported the loss of a significant client. What's more, the company has now attracted attention from hungry short-sellers betting against its demise, with an estimated 34% of its float shorted. Does that make this stock undervalued now?
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Should You Buy This Under-the-Radar Reddit Telehealth Stock?