CareCloud, Inc. (NASDAQ:CCLD) Short Interest Up 39.0% in March

CareCloud, Inc. (NASDAQ:CCLD) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 784,771 shares, a growth of 39.0% from the February 26th total of 564,570 shares. Based on an average daily trading volume, of 512,068 shares, the short-interest ratio is presently 1.5 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Trading of CareCloud

Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its holdings in shares of CareCloud by 481.9% in the 1st quarter. Acadian Asset Management LLC now owns 203,053 shares of the company’s stock valued at $280,000 after acquiring an additional 168,156 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CareCloud by 235.4% during the second quarter. Geode Capital Management LLC now owns 359,486 shares of the company’s stock worth $848,000 after purchasing an additional 252,299 shares during the last quarter. American Century Companies Inc. acquired a new position in CareCloud during the second quarter valued at $78,000. Bridgeway Capital Management LLC lifted its position in CareCloud by 43.9% during the second quarter. Bridgeway Capital Management LLC now owns 313,039 shares of the company’s stock valued at $739,000 after purchasing an additional 95,483 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in CareCloud in the second quarter valued at $260,000. 10.16% of the stock is currently owned by institutional investors and hedge funds.

CareCloud Stock Performance

Shares of CCLD opened at $3.49 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.03 and a current ratio of 1.05. The stock has a 50-day moving average of $2.80 and a two-hundred day moving average of $3.05. The stock has a market cap of $148.29 million, a P/E ratio of 43.63 and a beta of 2.09. CareCloud has a one year low of $1.14 and a one year high of $4.01.

CareCloud (NASDAQ:CCLD) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. CareCloud had a return on equity of 24.58% and a net margin of 8.96%.CareCloud has set its FY 2026 guidance at 0.200-0.23 EPS. As a group, research analysts predict that CareCloud will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of CareCloud in a report on Friday. Wall Street Zen raised shares of CareCloud from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.25.

About CareCloud

CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance.

Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.