Short Interest in CareCloud, Inc. (NASDAQ:CCLDP) Expands By 568.0%

CareCloud, Inc. (NASDAQ:CCLDP) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 33,400 shares, a growth of 568.0% from the May 31st total of 5,000 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is presently 1.6 days.

CareCloud Stock Performance

Shares of NASDAQ CCLDP traded down $0.09 during midday trading on Friday, hitting $8.35. The stock had a trading volume of 7,262 shares, compared to its average volume of 20,083. CareCloud has a 1-year low of $4.01 and a 1-year high of $28.00. The company has a fifty day moving average price of $8.19 and a 200 day moving average price of $7.27.

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.