CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 45,598 shares, a decrease of 15.7% from the February 26th total of 54,117 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 18,919 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

CLPS Incorporation Price Performance

Shares of NASDAQ CLPS opened at $0.91 on Monday. CLPS Incorporation has a 52-week low of $0.80 and a 52-week high of $1.88. The business has a 50-day moving average price of $1.05 and a 200 day moving average price of $0.98.

CLPS Incorporation (NASDAQ:CLPS) last released its quarterly earnings results on Sunday, February 15th. The company reported $0.03 EPS for the quarter. The firm had revenue of $42.54 million for 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.