CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPS) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 14,470 shares, a drop of 72.2% from the December 15th total of 52,142 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,375 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 16,375 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the stock are sold short.

CLPS Incorporation Trading Down 2.1%

Shares of NASDAQ CLPS traded down $0.02 during mid-day trading on Tuesday, hitting $0.92. 2,883 shares of the stock traded hands, compared to its average volume of 27,438. CLPS Incorporation has a twelve month low of $0.80 and a twelve month high of $1.88. The firm has a 50 day simple moving average of $0.89 and a two-hundred day simple moving average of $0.95.

CLPS Incorporation (NASDAQ:CLPS) last posted its earnings results on Friday, October 17th. The company reported ($0.12) EPS for the quarter. The business had revenue of $40.85 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CLPS Incorporation in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average 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.