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

CareCloud, Inc. (NASDAQ:CCLDP) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 15,300 shares, an increase of 1,175.0% from the January 15th total of 1,200 shares. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is presently 0.9 days.

CareCloud Price Performance

CareCloud stock traded down $0.24 during mid-day trading on Wednesday, hitting $19.25. The stock had a trading volume of 9,437 shares, compared to its average volume of 17,549. CareCloud has a 12 month low of $5.21 and a 12 month high of $22.00. The stock has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $14.37.

CareCloud Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2292 per share. This represents a dividend yield of 14.03%. The ex-dividend date of this dividend is Friday, January 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.