CareCloud, Inc. (NASDAQ:CCLD) Short Interest Up 22.2% in December

CareCloud, Inc. (NASDAQ:CCLD - Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 557,523 shares, an increase of 22.2% from the December 15th total of 456,054 shares. Approximately 1.5% of the company's shares are sold short. Based on an average trading volume of 251,370 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 251,370 shares, the short-interest ratio is presently 2.2 days. Approximately 1.5% of the company's shares are sold short.Insider Transactions at CareCloudIn other CareCloud news, Director John N. Daly sold 15,000 shares of the business's stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.41, for a total transaction of $51,150.00. Following the transaction, the director directly owned 51,750 shares of the company's stock, valued at approximately $176,467.50. The trade was a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.70% of the company's stock. Institutional Investors Weigh In On CareCloudSeveral institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd bought a new stake in CareCloud in the 3rd quarter worth about $87,000. Millennium Management LLC purchased a new stake in CareCloud in the third quarter worth approximately $284,000. Centiva Capital LP purchased a new stake in shares of CareCloud during the 3rd quarter valued at about $47,000. Bank of America Corp DE raised its stake in CareCloud by 19.9% during the 3rd quarter. Bank of America Corp DE now owns 103,381 shares of the company's stock worth $332,000 after acquiring an additional 17,158 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in CareCloud by 30.1% during the third quarter. Two Sigma Investments LP now owns 187,575 shares of the company's stock valued at $602,000 after purchasing an additional 43,383 shares in the last quarter. 10.16% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast GrowthSeveral analysts have weighed in on CCLD shares. Wall Street Zen raised CareCloud from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 15th. ThinkEquity began coverage on CareCloud in a research note on Monday, November 24th. They issued a "buy" rating on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of CareCloud in a research report on Monday, December 29th. Finally, Roth Capital reaffirmed a "neutral" rating and issued a $3.25 target price on shares of CareCloud in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $2.38.Read Our Latest Stock Report on CareCloudCareCloud Stock PerformanceShares of CCLD stock opened at $2.90 on Monday. The company has a market capitalization of $122.96 million, a price-to-earnings ratio of 72.52 and a beta of 1.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.24 and a current ratio of 1.26. CareCloud has a one year low of $1.14 and a one year high of $4.75. The company's 50-day moving average is $3.07 and its 200 day moving average is $3.03. CareCloud (NASDAQ:CCLD - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $31.07 million during the quarter, compared to analyst estimates of $29.01 million. CareCloud had a net margin of 9.80% and a return on equity of 24.31%. Sell-side analysts expect that CareCloud will post 0.58 EPS for the current fiscal year. About CareCloud (Get Free Report)CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance. Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.Featured StoriesFive stocks we like better than CareCloudElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietly“Fed Proof” Your Bank Account with THESE 4 Simple StepsExecutive Order 14330: Trump’s Biggest YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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