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

CareCloud, Inc. (NASDAQ:CCLDO) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,700 shares, an increase of 1,600.0% from the February 13th total of 100 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is currently 0.2 days.

CareCloud Stock Down 1.8 %

Shares of CCLDO opened at $19.49 on Thursday. CareCloud has a 52-week low of $5.05 and a 52-week high of $22.62. The firm’s fifty day moving average is $19.90 and its two-hundred day moving average is $16.41.

CareCloud Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.1823 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 0.83%.

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.