mCloud Technologies Corp (NASDAQ:MCLD) Short Interest Update – Defense World
Posted by admin on Jun 11th, 2022 
mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 14,400 shares, a growth of 289.2% from the May 15th total of 3,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 25,000 shares, the days-to-cover ratio is currently 0.6 days.
MCLD has been the subject of several research reports. Maxim Group decreased their price target on shares of mCloud Technologies from $9.00 to $6.00 in a research note on Monday, April 11th. Alliance Global Partners decreased their price target on shares of mCloud Technologies from C$6.50 to C$5.50 in a research note on Monday, April 4th.
An institutional investor recently bought a new position in mCloud Technologies stock. CM Management LLC purchased a new stake in shares of mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 195,166 shares of the company’s stock, valued at approximately $956,000. CM Management LLC owned about 1.21% of mCloud Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 1.24% of the company’s stock.
Shares of MCLD opened at $3.45 on Friday. The company has a market cap of $55.74 million and a PE ratio of -2.74. mCloud Technologies has a twelve month low of $2.07 and a twelve month high of $5.01. The business’s 50 day simple moving average is $3.01. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.35.
mCloud Technologies Company Profile (Get Rating)
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.
Read More
Receive News & Ratings for mCloud Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for mCloud Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Brokerages Set The Duckhorn Portfolio, Inc. (NYSE:NAPA) Price Target at $24.71
Short Interest in CarLotz, Inc. (NASDAQ:LOTZW) Declines By 71.2%