Short Interest in CloudMD Software & Services Inc. (OTCMKTS:DOCRF) Decreases By 59.3%

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CloudMD Software & Services Inc. (OTCMKTS:DOCRF) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 218,500 shares, a decrease of 59.3% from the March 15th total of 536,600 shares. Based on an average daily volume of 545,200 shares, the short-interest ratio is currently 0.4 days.

Several research analysts have commented on DOCRF shares. Canaccord Genuity restated a “buy” rating on shares of CloudMD Software & Services in a research report on Friday, April 9th. Echelon Wealth Partners reiterated a “buy” rating and issued a $3.25 price objective on shares of CloudMD Software & Services in a report on Friday, December 25th.

DOCRF stock traded down $0.06 during midday trading on Wednesday, reaching $1.67. The company had a trading volume of 194,204 shares, compared to its average volume of 457,309. CloudMD Software & Services has a 1 year low of $0.31 and a 1 year high of $2.61. The company has a 50 day moving average of $1.70 and a two-hundred day moving average of $1.87.

About CloudMD Software & Services

CloudMD Software & Services Inc, a technology company, provides SaaS based health technology solutions to medical clinics in Canada. The company provides digital technologies that connect doctors and allied health care providers to their patients. It also engages in retailing of prescription drugs, over-the-counter drugs, and other front store items through primary care clinics and pharmacies, as well as provide clinical, medical reviews, and compounding services.

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