CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPS) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 23,833 shares, an increase of 280.8% from the August 15th total of 6,258 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 35,837 shares, the short-interest ratio is presently 0.7 days.

CLPS Incorporation Stock Down 4.6%

CLPS Incorporation stock opened at $1.02 on Friday. CLPS Incorporation has a fifty-two week low of $0.80 and a fifty-two week high of $1.88. The stock’s 50 day simple moving average is $0.92 and its two-hundred day simple moving average is $0.94.

Analysts Set New Price Targets

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