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

CareCloud, Inc. (NASDAQ:CCLDO) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,500 shares, a decline of 21.1% from the October 31st total of 1,900 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.2 days.

CareCloud Price Performance

CCLDO stock remained flat at $16.98 during trading on Friday. 1,236 shares of the company traded hands, compared to its average volume of 7,179. CareCloud has a 52 week low of $3.30 and a 52 week high of $18.48. The firm has a 50-day moving average of $13.70 and a 200 day moving average of $12.22.

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.