CLPS Incorporation (NASDAQ:CLPS) Short Interest Up 242.7% in July

CLPS Incorporation (NASDAQ:CLPS) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 8,387 shares, an increase of 242.7% from the June 30th total of 2,447 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 89,145 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CLPS Incorporation in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

CLPS Incorporation Stock Up 8.0%

Shares of CLPS stock traded up $0.06 on Friday, hitting $0.87. The company’s stock had a trading volume of 8,871 shares, compared to its average volume of 54,042. CLPS Incorporation has a fifty-two week low of $0.80 and a fifty-two week high of $1.88. The firm’s fifty day moving average price is $0.90 and its 200-day moving average price is $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.