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

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,700 shares, an increase of 1,250.0% from the November 30th total of 200 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.4 days.

CareCloud Price Performance

CareCloud stock opened at $18.50 on Friday. CareCloud has a fifty-two week low of $5.05 and a fifty-two week high of $18.50. The firm’s 50 day simple moving average is $15.87 and its 200-day simple moving average is $13.02.

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.