mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) was the recipient of a significant decrease in short interest in the month of December. As of December 30th, there was short interest totalling 55,600 shares, a decrease of 20.5% from the December 15th total of 69,900 shares. Based on an average trading volume of 245,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.
mCloud Technologies Trading Down 2.0 %
NASDAQ:MCLD opened at $0.97 on Thursday. The stock has a market capitalization of $15.74 million, a P/E ratio of -9.70 and a beta of 1.08. mCloud Technologies has a 1 year low of $0.75 and a 1 year high of $4.78. The firm has a 50 day moving average of $0.92 and a 200-day moving average of $1.67.
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Institutional Trading of mCloud Technologies
An institutional investor recently bought a new position in mCloud Technologies stock. Raymond James & Associates acquired a new position in shares of mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,077 shares of the company's stock, valued at approximately $104,000. Raymond James & Associates owned about 0.15% of mCloud Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 1.12% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on MCLD. Alliance Global Partners cut mCloud Technologies from a "buy" rating to a "neutral" rating in a report on Tuesday, November 15th. Maxim Group dropped their target price on shares of mCloud Technologies from $4.00 to $2.00 in a research report on Monday, November 28th.
About mCloud Technologies
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mCloud is unlocking the untapped potential of energy-intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.
Further Reading
- Get a free copy of the StockNews.com research report on mCloud Technologies (MCLD)
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