Short Interest in CLPS Incorporation (NASDAQ:CLPS) Drops By 50.6%

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,981 shares, a decline of 50.6% from the April 30th total of 12,119 shares. Based on an average daily volume of 24,199 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CLPS Incorporation in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CLPS Incorporation currently has an average rating of “Sell”.

CLPS Incorporation Stock Performance

NASDAQ CLPS traded down $0.00 during trading hours on Tuesday, hitting $0.99. 9,654 shares of the company’s stock traded hands, compared to its average volume of 18,103. The business’s fifty day moving average price is $0.92 and its two-hundred day moving average price is $0.95. CLPS Incorporation has a 52 week low of $0.80 and a 52 week high of $1.88.

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

About CLPS Incorporation

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.