CLPS Incorporation (NASDAQ:CLPS) Short Interest Up 52.6% in May

CLPS Incorporation (NASDAQ:CLPSGet Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,800 shares, an increase of 52.6% from the May 15th total of 3,800 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On CLPS Incorporation

A hedge fund recently raised its stake in CLPS Incorporation stock. Renaissance Technologies LLC raised its holdings in shares of CLPS Incorporation (NASDAQ:CLPSFree Report) by 186.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,269 shares of the company’s stock after buying an additional 24,237 shares during the period. Renaissance Technologies LLC owned about 0.13% of CLPS Incorporation worth $44,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.24% of the company’s stock.

CLPS Incorporation Price Performance

Shares of NASDAQ:CLPS opened at $1.02 on Wednesday. CLPS Incorporation has a fifty-two week low of $0.68 and a fifty-two week high of $1.70. The business has a 50-day simple moving average of $0.98 and a two-hundred day simple moving average of $1.11.

About CLPS Incorporation

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CLPS Incorporation provides information technology (IT), consulting, and solutions to institutions operating in banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management.

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