Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Drops By 5.8%

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 6,500 shares, a drop of 5.8% from the May 31st total of 6,900 shares. Based on an average trading volume of 8,600 shares, the short-interest ratio is presently 0.8 days.

CareCloud Stock Performance

Shares of CCLDO traded down $0.11 during mid-day trading on Wednesday, reaching $9.79. 1,069 shares of the company’s stock traded hands, compared to its average volume of 8,510. The business’s 50-day moving average price is $10.69 and its 200-day moving average price is $7.62. CareCloud has a 12 month low of $3.30 and a 12 month high of $22.93.

About CareCloud

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.