CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 23,833 shares, a growth of 280.8% from the August 15th total of 6,258 shares. Based on an average daily volume of 35,837 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

CLPS Incorporation Stock Performance

Shares of NASDAQ:CLPS opened at $1.02 on Friday. CLPS Incorporation has a 1 year low of $0.80 and a 1 year high of $1.88. The stock’s 50-day moving average is $0.92 and its 200 day moving average is $0.94.

Analyst Ratings Changes

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