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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CLPS Incorporation in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CLPS Incorporation presently has a consensus rating of “Sell”.

CLPS Incorporation Price Performance

CLPS stock opened at $1.02 on Monday. The business’s 50-day moving average is $0.92 and its two-hundred day moving average is $0.94. CLPS Incorporation has a fifty-two week low of $0.80 and a fifty-two week 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.