CLPS Incorporation (NASDAQ:CLPS) Short Interest Down 59.9% in June

CLPS Incorporation (NASDAQ:CLPS) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 2,447 shares, a drop of 59.9% from the June 15th total of 6,095 shares. Based on an average trading volume of 25,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

CLPS Incorporation Stock Performance

NASDAQ CLPS traded down $0.00 during mid-day trading on Wednesday, hitting $0.85. The company’s stock had a trading volume of 12,044 shares, compared to its average volume of 28,371. CLPS Incorporation has a twelve month low of $0.80 and a twelve month high of $1.88. The company’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $0.96.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CLPS Incorporation in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from 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.