Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Declines By 31.6%

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 10,600 shares, a drop of 31.6% from the June 30th total of 15,500 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is currently 1.2 days.

CareCloud Trading Down 0.5 %

Shares of CCLDO traded down $0.05 during trading hours on Friday, hitting $9.72. The stock had a trading volume of 1,746 shares, compared to its average volume of 8,065. The company’s fifty day simple moving average is $11.13 and its 200 day simple moving average is $8.05. CareCloud has a 12-month low of $3.30 and a 12-month high of $22.93.

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.