Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Drops By 12.7%

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 6,900 shares, a decrease of 12.7% from the May 15th total of 7,900 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is currently 0.8 days.

CareCloud Price Performance

Shares of NASDAQ:CCLDO traded down $0.60 during midday trading on Tuesday, reaching $12.64. 9,424 shares of the company were exchanged, compared to its average volume of 8,515. The business’s fifty day moving average is $9.59 and its two-hundred day moving average is $7.55. CareCloud has a one year low of $3.30 and a one year 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.