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

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 15,800 shares, an increase of 64.6% from the March 15th total of 9,600 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 2.1 days.

CareCloud Price Performance

NASDAQ CCLDO opened at $5.93 on Friday. The firm has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $9.46. CareCloud has a one year low of $3.30 and a one year high of $24.00.

CareCloud Company Profile

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.