CLPS Inc (NASDAQ:CLPS) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 43,400 shares, a decrease of 15.2% from the June 30th total of 51,200 shares. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 3.0 days. Currently, 1.2% of the company’s stock are short sold.

CLPS stock traded up $0.01 during mid-day trading on Wednesday, reaching $5.27. 2,300 shares of the company were exchanged, compared to its average volume of 52,717. The firm’s fifty day moving average is $5.50. CLPS has a 12-month low of $2.12 and a 12-month high of $17.99.

Separately, ValuEngine upgraded CLPS from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

An institutional investor recently bought a new position in CLPS stock. Invesco Ltd. bought a new position in shares of CLPS Inc (NASDAQ:CLPS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,170 shares of the company’s stock, valued at approximately $86,000. Invesco Ltd. owned 0.11% of CLPS at the end of the most recent quarter. 0.63% of the stock is owned by institutional investors.

CLPS Company Profile

CLPS Incorporation provides information technology and consulting services to banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management.

Recommended Story: Blockchain

Receive News & Ratings for CLPS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CLPS and related companies with MarketBeat.com's FREE daily email newsletter.