CareCloud, Inc. (NASDAQ:CCLDO) Short Interest Up 1,600.0% in February

CareCloud, Inc. (NASDAQ:CCLDO) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,700 shares, an increase of 1,600.0% from the February 13th total of 100 shares. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is currently 0.2 days.

CareCloud Price Performance

Shares of CareCloud stock opened at $19.96 on Friday. The firm has a 50-day moving average of $19.94 and a 200-day moving average of $16.43. CareCloud has a 52-week low of $5.07 and a 52-week high of $22.62.

CareCloud Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.1823 dividend. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 0.83%.

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.