CareCloud, Inc. (NASDAQ:CCLDP) Sees Significant Increase in Short Interest

CareCloud, Inc. (NASDAQ:CCLDP) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,300 shares, an increase of 160.0% from the November 30th total of 500 shares. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is currently 0.1 days.

CareCloud Price Performance

Shares of NASDAQ CCLDP opened at $18.75 on Friday. The company’s 50-day moving average price is $15.57 and its 200 day moving average price is $11.86. CareCloud has a 52 week low of $5.21 and a 52 week high of $18.84.

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.