mCloud Technologies Corp (NASDAQ:MCLD) Short Interest Update

mCloud Technologies Corp (NASDAQ:MCLDGet Rating) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 6,500 shares, a drop of 74.4% from the March 31st total of 25,400 shares. Based on an average daily trading volume, of 27,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Several equities research analysts recently commented on the company. Alliance Global Partners dropped their price objective on mCloud Technologies from C$6.50 to C$5.50 in a research report on Monday, April 4th. Maxim Group dropped their price objective on mCloud Technologies from $9.00 to $6.00 in a research report on Monday, April 11th.

mCloud Technologies stock opened at $2.75 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.40. mCloud Technologies has a one year low of $2.66 and a one year high of $5.01. The stock has a market capitalization of $44.43 million and a PE ratio of -1.37. The firm’s fifty day simple moving average is $3.86.

A hedge fund recently bought a new stake in mCloud Technologies stock. CM Management LLC bought a new stake in mCloud Technologies Corp (NASDAQ:MCLDGet Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 195,166 shares of the company’s stock, valued at approximately $956,000. CM Management LLC owned 1.21% of mCloud Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.23% of the company’s stock.

About mCloud Technologies (Get Rating)

mCloud is unlocking the untapped potential of energy-intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud’s AI-powered AssetCare™ platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.

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