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

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

CareCloud Stock Performance

Shares of NASDAQ CCLDO remained flat at $13.00 during trading on Friday. The stock had a trading volume of 5,612 shares, compared to its average volume of 8,574. The stock has a 50 day simple moving average of $9.45 and a 200 day simple moving average of $7.60. CareCloud has a 1-year low of $3.30 and a 1-year high of $22.93.

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.