CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPS) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 45,598 shares, a decrease of 15.7% from the February 26th total of 54,117 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 18,919 shares, the days-to-cover ratio is currently 2.4 days.

CLPS Incorporation Stock Up 5.0%

Shares of CLPS traded up $0.04 during mid-day trading on Tuesday, hitting $0.92. The company’s stock had a trading volume of 9,175 shares, compared to its average volume of 18,712. CLPS Incorporation has a 1-year low of $0.80 and a 1-year high of $1.88. The firm has a 50-day simple moving average of $1.05 and a 200 day simple moving average of $0.98.

CLPS Incorporation (NASDAQ:CLPS) last announced its quarterly earnings data on Sunday, February 15th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $42.54 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CLPS Incorporation has a consensus rating of “Sell”.

CLPS Incorporation Company Profile

CLPS Incorporation is a Nasdaq-listed provider of digital transformation consulting and IT outsourcing services. The company delivers end-to-end solutions that encompass system integration, custom application development, quality assurance, maintenance and support. CLPS positions itself as a partner for enterprises seeking to streamline operations, modernize legacy systems and accelerate time-to-market through agile software engineering practices.

The firm’s core offerings include enterprise application development, fintech and blockchain solutions, cloud migration, data analytics and automation services.