Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Decreases By 27.5%

CareCloud, Inc. (NASDAQ:CCLDO) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,700 shares, a decline of 27.5% from the August 15th total of 5,100 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 0.8 days.

CareCloud Stock Performance

NASDAQ:CCLDO traded down $0.52 during mid-day trading on Tuesday, hitting $12.25. 16,990 shares of the stock traded hands, compared to its average volume of 7,318. The firm’s 50 day moving average is $11.05 and its two-hundred day moving average is $9.47. CareCloud has a 52 week low of $3.30 and a 52 week high of $20.10.

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.