CareCloud, Inc. (NASDAQ:CCLD) Short Interest Up 39.0% in March

CareCloud, Inc. (NASDAQ:CCLD) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 784,771 shares, a growth of 39.0% from the February 26th total of 564,570 shares. Based on an average trading volume of 512,068 shares, the short-interest ratio is currently 1.5 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On CareCloud

A number of large investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft purchased a new position in shares of CareCloud in the third quarter valued at about $39,000. Centiva Capital LP purchased a new stake in shares of CareCloud during the third quarter worth about $47,000. HRT Financial LP bought a new stake in shares of CareCloud in the fourth quarter worth about $43,000. Qube Research & Technologies Ltd bought a new stake in shares of CareCloud in the third quarter worth about $87,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in CareCloud during the 3rd quarter valued at about $90,000. Institutional investors own 10.16% of the company’s stock.

CareCloud Price Performance

Shares of CareCloud stock opened at $3.52 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.05 and a quick ratio of 1.03. CareCloud has a one year low of $1.14 and a one year high of $4.01. The business’s 50 day simple moving average is $2.81 and its two-hundred day simple moving average is $3.04. The stock has a market capitalization of $149.56 million, a P/E ratio of 44.01 and a beta of 2.09.

CareCloud (NASDAQ:CCLD) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. CareCloud had a return on equity of 24.58% and a net margin of 8.96%.CareCloud has set its FY 2026 guidance at 0.200-0.23 EPS. Analysts forecast that CareCloud will post 0.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCLD. Weiss Ratings restated a “hold (c-)” rating on shares of CareCloud in a report on Friday. Wall Street Zen upgraded shares of CareCloud from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.25.

CareCloud Company Profile

CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance.

Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.