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

CareCloud, Inc. (NASDAQ:CCLDO) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,800 shares, a growth of 157.1% from the August 31st total of 700 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.3 days.

CareCloud Price Performance

Shares of CCLDO opened at $21.35 on Friday. The stock has a 50 day simple moving average of $21.22 and a 200-day simple moving average of $19.90. CareCloud has a 1 year low of $10.97 and a 1 year high of $22.62.

CareCloud Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.1823 dividend. The ex-dividend date was Thursday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.2%.

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.