CareCloud, Inc. (NASDAQ:CCLD) Short Interest Update

CareCloud, Inc. (NASDAQ:CCLD) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 81,400 shares, an increase of 14.5% from the November 30th total of 71,100 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 147,300 shares, the short-interest ratio is currently 0.6 days.

CareCloud Stock Up 5.5 %

Shares of CCLD traded up $0.20 on Monday, reaching $3.84. The stock had a trading volume of 177,998 shares, compared to its average volume of 527,757. CareCloud has a twelve month low of $1.01 and a twelve month high of $4.84. The firm has a market capitalization of $62.42 million, a PE ratio of -1.20 and a beta of 1.44. The firm has a 50-day moving average of $3.10 and a 200 day moving average of $2.62.

Insider Activity at CareCloud

In related news, Director John N. Daly sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $3.65, for a total value of $36,500.00. Following the completion of the sale, the director now owns 66,750 shares in the company, valued at $243,637.50. This trade represents a 13.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 38.40% of the stock is currently owned by insiders.

Institutional Trading of CareCloud

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of CareCloud by 25.1% during the 2nd quarter. Renaissance Technologies LLC now owns 107,200 shares of the company’s stock worth $206,000 after buying an additional 21,500 shares during the last quarter. Heron Bay Capital Management grew its stake in CareCloud by 126.8% in the 2nd quarter. Heron Bay Capital Management now owns 34,576 shares of the company’s stock valued at $66,000 after acquiring an additional 19,329 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in CareCloud during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 10.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CCLD has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $4.50 price target on shares of CareCloud in a report on Friday, November 15th. Roth Capital downgraded CareCloud from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Roth Mkm lowered shares of CareCloud from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $3.50 in a research report on Wednesday, November 13th.

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.