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

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 62,455 shares, a growth of 331.6% from the December 31st total of 14,470 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 29,223 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 29,223 shares, the short-interest ratio is presently 2.1 days. Currently, 0.5% of the company’s stock are sold short.

CLPS Incorporation Price Performance

Shares of CLPS stock traded down $0.04 during mid-day trading on Friday, hitting $1.03. The stock had a trading volume of 1,921 shares, compared to its average volume of 23,846. CLPS Incorporation has a 12-month low of $0.80 and a 12-month high of $1.88. The firm’s 50-day moving average is $0.90 and its two-hundred day moving average is $0.95.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.