On Track Innovations Ltd (NASDAQ:OTIV) was the recipient of a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 954,163 shares, a growth of 407.0% from the December 15th total of 188,193 shares. Based on an average daily volume of 12,455,435 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.6% of the company’s shares are sold short.

Shares of On Track Innovations (NASDAQ:OTIV) opened at $1.38 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.59 and a quick ratio of 1.32. The firm has a market capitalization of $57.18, a price-to-earnings ratio of -23.00 and a beta of 1.35. On Track Innovations has a twelve month low of $0.93 and a twelve month high of $2.94.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded On Track Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet downgraded On Track Innovations from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. Northland Securities reaffirmed a “buy” rating and issued a $2.50 target price on shares of On Track Innovations in a research report on Wednesday, October 4th. Finally, ValuEngine cut On Track Innovations from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $2.38.

An institutional investor recently bought a new position in On Track Innovations stock. Geller Family Office Services LLC acquired a new position in On Track Innovations Ltd (NASDAQ:OTIV) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 899,210 shares of the technology company’s stock, valued at approximately $1,232,000. On Track Innovations accounts for 0.6% of Geller Family Office Services LLC’s investment portfolio, making the stock its 8th biggest holding. Geller Family Office Services LLC owned 2.19% of On Track Innovations at the end of the most recent quarter. 8.14% of the stock is owned by institutional investors.

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About On Track Innovations

On Track Innovations Ltd. is a developer of cashless payment solutions. The Company’s segments include Retail and Mass Transit, Petroleum, Parking and Other. The Company offers solutions for banking, mobile network operators, vending, mass transit, petroleum and parking. The Company provides its customers with training and installation support, customer service and technical support.

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