CareCloud, Inc. (NASDAQ:CCLDP) Sees Large Growth in Short Interest

CareCloud, Inc. (NASDAQ:CCLDP) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 12,600 shares, an increase of 869.2% from the December 15th total of 1,300 shares. Based on an average trading volume of 16,100 shares, the short-interest ratio is currently 0.8 days.

CareCloud Price Performance

NASDAQ CCLDP traded down $0.12 on Wednesday, reaching $19.35. The company had a trading volume of 3,180 shares, compared to its average volume of 14,575. The company’s fifty day moving average is $17.39 and its 200-day moving average is $12.71. CareCloud has a 1-year low of $5.21 and a 1-year high of $20.00.

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.