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

CareCloud, Inc. (NASDAQ:CCLDO) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,800 shares, a growth of 157.1% from the August 31st total of 700 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.3 days.

CareCloud Stock Up 0.6%

Shares of CCLDO opened at $21.62 on Friday. The firm’s 50 day moving average is $21.19 and its 200-day moving average is $19.89. CareCloud has a 12-month low of $10.97 and a 12-month high of $22.62.

CareCloud Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.1823 dividend. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Thursday, July 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.