CLPS Incorporation (NASDAQ:CLPS) Sees Large Increase in Short Interest

CLPS Incorporation (NASDAQ:CLPS) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,387 shares, an increase of 242.7% from the June 30th total of 2,447 shares. Based on an average trading volume of 89,145 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CLPS Incorporation presently has a consensus rating of “Sell”.

CLPS Incorporation Stock Performance

Shares of NASDAQ CLPS traded down $0.02 during midday trading on Tuesday, hitting $0.87. 3,921 shares of the company’s stock were exchanged, compared to its average volume of 27,587. The stock’s 50 day moving average price is $0.90 and its 200-day moving average price is $0.96. CLPS Incorporation has a twelve month low of $0.80 and a twelve month high of $1.88.

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.