CareCloud, Inc. (NASDAQ:MTBCP) Sees Significant Growth in Short Interest

CareCloud, Inc. (NASDAQ:MTBCPGet Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 4,900 shares, a growth of 226.7% from the April 15th total of 1,500 shares. Based on an average trading volume of 16,300 shares, the days-to-cover ratio is presently 0.3 days.

CareCloud stock opened at $26.45 on Thursday. The business has a fifty day moving average of $26.25. CareCloud has a 12 month low of $25.23 and a 12 month high of $30.45.

The business also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a $0.2292 dividend. This represents a $2.75 annualized dividend and a yield of 10.40%. The ex-dividend date of this dividend is Tuesday, August 30th.

About CareCloud (Get Rating)

CareCloud, Inc brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows, and make better business and care decisions. More than 40,000 providers across the United States count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs.

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