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

CareCloud, Inc. (NASDAQ:CCLDO) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 9,600 shares, a growth of 464.7% from the February 29th total of 1,700 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 1.1 days.

CareCloud Stock Up 1.1 %

NASDAQ:CCLDO opened at $5.70 on Friday. The stock’s fifty day moving average price is $5.89 and its two-hundred day moving average price is $10.35. CareCloud has a 52-week low of $3.30 and a 52-week high of $24.00.

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 Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, and patient experience management solutions, as well as complementary software tools and business services for medical groups and health systems.