CareCloud, Inc. (NASDAQ:MTBCP – Get Rating) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 5,600 shares, an increase of 36.6% from the August 31st total of 4,100 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is currently 0.6 days.

CareCloud Stock Performance

NASDAQ:MTBCP traded down $0.01 during midday trading on Thursday, reaching $26.18. The stock had a trading volume of 3,191 shares, compared to its average volume of 16,567. CareCloud has a 1-year low of $25.23 and a 1-year high of $30.45. The firm's fifty day simple moving average is $26.65 and its 200-day simple moving average is $26.43.

CareCloud Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.2292 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 10.50%. The ex-dividend date of this dividend is Tuesday, November 29th.

CareCloud Company Profile

CareCloud, Inc brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows, and make better business and care decisions. More than 40,000 providers across the United States count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs.

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