CLPS Incorporation (NASDAQ:CLPS) Short Interest Down 50.6% in May

CLPS Incorporation (NASDAQ:CLPS) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,981 shares, a decline of 50.6% from the April 30th total of 12,119 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 24,199 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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

CLPS Incorporation Price Performance

Shares of CLPS traded up $0.09 during mid-day trading on Monday, hitting $0.99. The company’s stock had a trading volume of 12,663 shares, compared to its average volume of 18,187. The company’s 50-day moving average is $0.92 and its 200-day moving average is $0.95. CLPS Incorporation has a 52-week low of $0.80 and a 52-week high of $1.88.

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

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.