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

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

CareCloud Stock Performance

CCLDP traded up $0.50 on Tuesday, reaching $21.47. 24,507 shares of the company’s stock were exchanged, compared to its average volume of 16,364. CareCloud has a twelve month low of $5.21 and a twelve month high of $22.00. The stock’s fifty day moving average price is $18.40 and its 200-day moving average price is $13.50.

CareCloud Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a $0.2292 dividend. The ex-dividend date of this dividend is Friday, January 31st.

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.