DTRK closed the week at $0.3625, up nearly 17% on Wednesday alone, with the short landscape quietly retreating from what had been a more crowded setup a month ago.
Short interest has been the dominant story across the past 30 days — but the direction of travel is toward de-risking, not accumulation. Short interest as a percentage of the free float is a negligible 0.004%, so the absolute level carries no alarm. What is notable is the pace of unwinding: shorts are down 42% over the past month and 4.6% on the week, with the share count falling from roughly 1,665 in mid-March to 962 now. That is a systematic retreat, not noise. Availability in the lending pool is not a constraint here — the borrow market is loose, with cost to borrow data from late February showing just 0.49% annualised (though that figure is now two months stale, having declined sharply from a January peak near 12%). The direction of travel on borrowing costs is clearly toward normalisation.
The short score has followed the same pattern. It has dropped to 28.5 from around 36 earlier in the month — a meaningful step down in short-side conviction. The score peaked in the mid-30s around April 20–22, coinciding with utilisation hitting 22%. Utilisation has since eased to just under 10%, back toward its lowest readings of the recent period. That combination — lower short count, lower short score, looser utilisation — paints a picture of shorts exiting rather than building.
Analyst, institutional, and valuation data for DATATRAK are either absent or significantly stale (the most recent insider trades date to 2008, and valuation data to 2021), so none of those angles inform the current setup. No earnings event is scheduled. The stock trades on the OTC Pink market with no disclosed market cap, which limits the institutional audience.
The week's 17% single-day jump is worth watching alongside the short retreat — whether Wednesday's price move was connected to short covering or an unrelated catalyst in this thinly traded name is the question the coming sessions may begin to answer.
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