mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 69,900 shares, a decline of 12.7% from the November 30th total of 80,100 shares. Approximately 0.5% of the company's stock are short sold. Based on an average daily volume of 243,000 shares, the short-interest ratio is currently 0.3 days.
mCloud Technologies Stock Up 2.3 %
NASDAQ MCLD opened at $0.88 on Tuesday. The stock has a market capitalization of $14.28 million, a PE ratio of -8.80 and a beta of 1.08. The company has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $1.86. mCloud Technologies has a 12-month low of $0.76 and a 12-month high of $5.01.
Get
mCloud Technologies alerts:
Analysts Set New Price Targets
MCLD has been the topic of a number of research analyst reports. Maxim Group lowered their price objective on shares of mCloud Technologies from $4.00 to $2.00 in a research report on Monday, November 28th. Alliance Global Partners cut shares of mCloud Technologies from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 15th.
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 mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,077 shares of the company's stock, valued at approximately $104,000. Raymond James & Associates owned about 0.15% of mCloud Technologies at the end of the most recent quarter. 1.12% of the stock is owned by institutional investors.
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.
Recommended Stories
- Get a free copy of the StockNews.com research report on mCloud Technologies (MCLD)
- Can Duke Energy Stock Continue Powering Higher?
- Tyson Foods: Growth, Momentum, Growth At A Reasonable Price
- Ready for a Recession? Here's One Defensive Stock You Can't Miss
- Should You Store Your Capital in Pure Storage Stock?
- Is it Time to Back up the Truck on Ford Stock?
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.