CLPS Incorporation (NASDAQ:CLPS) Sees Significant Drop in Short Interest

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,447 shares, a decrease 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 company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

CLPS Incorporation Stock Performance

NASDAQ CLPS opened at $0.83 on Monday. The business’s 50-day moving average price is $0.92 and its two-hundred 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.

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.