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

CLPS Incorporation (NASDAQ:CLPS) was the target of a large 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. Based on an average trading volume of 89,145 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

CLPS Incorporation Stock Up 8.0%

CLPS Incorporation stock traded up $0.06 on Friday, reaching $0.87. 8,871 shares of the stock were exchanged, compared to its average volume of 54,042. CLPS Incorporation has a twelve month low of $0.80 and a twelve month high of $1.88. The firm has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $0.96.

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.