mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 64,300 shares, a growth of 54.2% from the January 15th total of 41,700 shares. Currently, 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 90,400 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Trading of mCloud Technologies
A hedge fund recently bought a new stake in mCloud Technologies stock. Raymond James & Associates bought a new position in mCloud Technologies Corp (NASDAQ:MCLD – Get Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,077 shares of the company's stock, valued at approximately $104,000. Raymond James & Associates owned approximately 0.15% of mCloud Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.12% of the company's stock.
Get mCloud Technologies alerts:mCloud Technologies Trading Up 1.0 %
Shares of MCLD traded up $0.01 during trading hours on Tuesday, reaching $1.00. 28,039 shares of the company traded hands, compared to its average volume of 139,838. The firm has a market cap of $16.23 million, a price-to-earnings ratio of -10.00 and a beta of 1.23. mCloud Technologies has a 12-month low of $0.75 and a 12-month high of $4.78. The stock's fifty day moving average price is $0.94 and its 200 day moving average price is $1.42.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MCLD. Maxim Group lowered their target price on shares of mCloud Technologies from $4.00 to $2.00 in a research note on Monday, November 28th. Alliance Global Partners lowered shares of mCloud Technologies from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 15th.
mCloud Technologies Company Profile
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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.
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