Short Interest in CLPS Incorporation (NASDAQ:CLPS) Drops By 50.6%

CLPS Incorporation (NASDAQ:CLPS) saw a significant 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. Based on an average trading volume of 24,199 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a research report on Friday, April 24th. One equities 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 Stock Down 3.7%

CLPS Incorporation stock traded down $0.04 during trading hours on Wednesday, reaching $0.95. 15,392 shares of the company were exchanged, compared to its average volume of 18,082. The stock has a 50-day moving average of $0.92 and a 200 day moving average of $0.95. CLPS Incorporation has a 12 month low of $0.80 and a 12 month high of $1.88.

CLPS Incorporation (NASDAQ:CLPS) last posted its quarterly earnings data 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.

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.