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

CareCloud, Inc. (NASDAQ:CCLDPGet Free Report) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 600 shares, a drop of 66.7% from the January 15th total of 1,800 shares. Based on an average trading volume of 40,700 shares, the days-to-cover ratio is presently 0.0 days.

CareCloud Stock Performance

NASDAQ:CCLDP traded down $0.17 during trading hours on Monday, reaching $7.13. The stock had a trading volume of 32,134 shares, compared to its average volume of 23,160. The stock has a 50 day simple moving average of $8.15 and a 200 day simple moving average of $16.78. CareCloud has a 12-month low of $4.01 and a 12-month high of $28.00.

About CareCloud

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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 Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, and patient experience management solutions, as well as complementary software tools and business services for medical groups and health systems.

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