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

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

CareCloud Stock Performance

CCLDO stock opened at $21.62 on Friday. The firm has a 50 day simple moving average of $21.19 and a 200 day simple moving average of $19.89. CareCloud has a 52 week low of $10.97 and a 52 week high of $22.62.

CareCloud Announces Dividend

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

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.