CareCloud, Inc. (NASDAQ:CCLDP) Sees Large Growth in Short Interest

CareCloud, Inc. (NASDAQ:CCLDP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 12,600 shares, an increase of 869.2% from the December 15th total of 1,300 shares. Based on an average daily trading volume, of 16,100 shares, the days-to-cover ratio is presently 0.8 days.

CareCloud Price Performance

Shares of NASDAQ:CCLDP traded down $0.12 during midday trading on Wednesday, hitting $19.35. The stock had a trading volume of 3,180 shares, compared to its average volume of 14,575. CareCloud has a 12 month low of $5.21 and a 12 month high of $20.00. The business’s 50-day simple moving average is $17.39 and its 200-day simple moving average is $12.71.

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.