CareCloud, Inc. (NASDAQ:CCLDP) Short Interest Update

CareCloud, Inc. (NASDAQ:CCLDP) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,800 shares, a growth of 100.0% from the October 15th total of 900 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 0.1 days.

CareCloud Price Performance

Shares of NASDAQ CCLDP traded up $1.08 during midday trading on Wednesday, hitting $17.50. 50,869 shares of the company’s stock were exchanged, compared to its average volume of 18,414. The firm’s fifty day simple moving average is $11.98 and its 200-day simple moving average is $9.77. CareCloud has a twelve month low of $4.01 and a twelve month high of $19.09.

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.