CLPS Incorporation (NASDAQ:CLPS) Sees Significant Decline in Short Interest

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,447 shares, a decline of 59.9% from the June 15th total of 6,095 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CLPS Incorporation currently has an average rating of “Sell”.

CLPS Incorporation Price Performance

Shares of NASDAQ CLPS traded up $0.04 during midday trading on Tuesday, hitting $0.87. 7,292 shares of the company’s stock were exchanged, compared to its average volume of 28,477. The firm’s fifty day simple moving average is $0.92 and its 200-day simple moving average is $0.96. CLPS Incorporation has a twelve month low of $0.80 and a twelve month high of $1.88.

About CLPS Incorporation

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.