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

CLPS Incorporation (NASDAQ:CLPS) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 45,598 shares, a drop of 15.7% from the February 26th total of 54,117 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 18,919 shares, the short-interest ratio is currently 2.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CLPS Incorporation in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CLPS Incorporation has a consensus rating of “Sell”.

CLPS Incorporation Trading Up 2.8%

CLPS traded up $0.03 during trading on Wednesday, reaching $0.91. The company’s stock had a trading volume of 2,562 shares, compared to its average volume of 18,583. The firm has a fifty day simple moving average of $1.05 and a two-hundred day simple moving average of $0.97. CLPS Incorporation has a 1 year low of $0.80 and a 1 year high of $1.88.

CLPS Incorporation (NASDAQ:CLPS) last posted its quarterly earnings results on Sunday, February 15th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $42.54 million during the quarter.

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.