CareCloud, Inc. (NASDAQ:CCLDO) Sees Significant Decrease in Short Interest

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 1,200 shares, a decrease of 53.8% from the September 30th total of 2,600 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 0.3 days.

CareCloud Trading Up 3.6 %

CareCloud stock traded up $0.40 during midday trading on Friday, reaching $11.50. The company’s stock had a trading volume of 4,411 shares, compared to its average volume of 6,773. CareCloud has a 52-week low of $3.30 and a 52-week high of $15.23. The stock’s 50-day simple moving average is $12.42 and its 200-day simple moving average is $10.79.

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.