Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Decreases By 5.8%

CareCloud, Inc. (NASDAQ:CCLDO) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 6,500 shares, a decline of 5.8% from the May 31st total of 6,900 shares. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 0.8 days.

CareCloud Stock Performance

NASDAQ:CCLDO traded down $0.11 on Wednesday, hitting $9.79. 1,069 shares of the stock were exchanged, compared to its average volume of 8,510. CareCloud has a 52 week low of $3.30 and a 52 week high of $22.93. The company’s 50-day moving average price is $10.69 and its 200 day moving average price is $7.62.

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.