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

CareCloud, Inc. (NASDAQ:CCLDO) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 842 shares, a drop of 80.2% from the February 26th total of 4,254 shares. Based on an average daily trading volume, of 4,903 shares, the days-to-cover ratio is currently 0.2 days.

CareCloud Trading Down 0.3%

NASDAQ:CCLDO opened at $26.10 on Thursday. CareCloud has a one year low of $16.19 and a one year high of $26.75. The firm’s 50 day simple moving average is $25.93 and its 200 day simple moving average is $24.32.

CareCloud Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.1823 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Tuesday, March 31st.

About CareCloud

CareCloud is a healthcare information technology company that develops and delivers cloud-native software and services to medical practices, health systems and hospitals across the United States. The company’s platform combines practice management, electronic health record (EHR), revenue cycle management (RCM), population health analytics and patient engagement tools in a single integrated suite. CareCloud’s modular approach allows clients to adopt individual components—such as scheduling, billing or telehealth—and scale to a fully unified solution as their needs evolve.

Key offerings include CareCloud Charts, a web-based EHR designed to streamline clinical workflows; CareCloud Central, a practice management system that automates scheduling, patient intake and billing; and CareCloud Omni, which provides real-time analytics and business intelligence dashboards.