Short Interest in CareCloud, Inc. (NASDAQ:CCLDP) Increases By 869.2%

CareCloud, Inc. (NASDAQ:CCLDP) was the target of a significant 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 Price Performance

CCLDP stock opened at $21.44 on Thursday. The firm has a 50 day simple moving average of $18.49 and a two-hundred day simple moving average of $13.59. CareCloud has a one year low of $5.21 and a one year high of $22.00.

CareCloud Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2292 dividend. The ex-dividend date is Friday, January 31st. This represents a yield of 12.67%.

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.