Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Drops By 60.4%

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 1,242 shares, a decline of 60.4% from the December 31st total of 3,136 shares. Based on an average daily trading volume, of 4,890 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 4,890 shares, the days-to-cover ratio is currently 0.3 days.

CareCloud Trading Up 1.2%

Shares of NASDAQ:CCLDO traded up $0.33 during trading hours on Thursday, reaching $26.53. The stock had a trading volume of 3,449 shares, compared to its average volume of 5,052. The firm’s 50 day moving average is $25.61 and its 200-day moving average is $22.88. CareCloud has a 1 year low of $16.19 and a 1 year high of $26.75.

CareCloud Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.1823 dividend. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

About CareCloud

CareCloud is a healthcare information technology company that develops and delivers cloud-native software and services to medical practices, health systems and hospitals across the United States. The company’s platform combines practice management, electronic health record (EHR), revenue cycle management (RCM), population health analytics and patient engagement tools in a single integrated suite. CareCloud’s modular approach allows clients to adopt individual components—such as scheduling, billing or telehealth—and scale to a fully unified solution as their needs evolve.

Key offerings include CareCloud Charts, a web-based EHR designed to streamline clinical workflows; CareCloud Central, a practice management system that automates scheduling, patient intake and billing; and CareCloud Omni, which provides real-time analytics and business intelligence dashboards.