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

CLPS Incorporation (NASDAQ:CLPS) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 8,387 shares, a growth of 242.7% from the June 30th total of 2,447 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 89,145 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CLPS Incorporation in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

CLPS Incorporation Trading Down 4.2%

CLPS traded down $0.04 during trading hours on Monday, hitting $0.84. The company’s stock had a trading volume of 32,350 shares, compared to its average volume of 27,757. The business’s 50-day moving average price is $0.90 and its 200-day moving average price is $0.96. CLPS Incorporation has a 12 month low of $0.80 and a 12 month high of $1.88.

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.