CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

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

CLPS Incorporation Stock Down 0.9%

NASDAQ:CLPS traded down $0.01 on Thursday, hitting $1.07. The stock had a trading volume of 19,342 shares, compared to its average volume of 24,364. CLPS Incorporation has a 52 week low of $0.80 and a 52 week high of $1.88. The business’s fifty day moving average is $0.90 and its 200 day moving average is $0.95.

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

Analysts Set New Price Targets

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 MarketBeat.com, the company currently 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.