CareCloud, Inc. (NASDAQ:CCLDO) Sees Large Decline in Short Interest

CareCloud, Inc. (NASDAQ:CCLDO) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 6,900 shares, a decrease of 12.7% from the May 15th total of 7,900 shares. Based on an average daily trading volume, of 8,200 shares, the days-to-cover ratio is presently 0.8 days.

CareCloud Price Performance

Shares of NASDAQ:CCLDO traded down $0.60 during trading on Tuesday, hitting $12.64. 9,424 shares of the stock were exchanged, compared to its average volume of 8,515. CareCloud has a 12-month low of $3.30 and a 12-month high of $22.93. The company has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $7.54.

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.