CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPSGet Rating) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 58,800 shares, a decline of 27.9% from the March 15th total of 81,500 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 58,700 shares, the days-to-cover ratio is presently 1.0 days.

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in CLPS Incorporation by 33.9% in the 3rd quarter. Renaissance Technologies LLC now owns 80,600 shares of the company’s stock valued at $232,000 after buying an additional 20,400 shares during the period. Susquehanna International Group LLP increased its stake in CLPS Incorporation by 320.9% in the 4th quarter. Susquehanna International Group LLP now owns 58,965 shares of the company’s stock valued at $115,000 after buying an additional 44,955 shares during the period. Finally, Citadel Advisors LLC acquired a new position in CLPS Incorporation in the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 1.30% of the company’s stock.

CLPS stock opened at $1.89 on Friday. The company’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.34. CLPS Incorporation has a 52-week low of $1.66 and a 52-week high of $5.25.

CLPS Incorporation Company Profile (Get Rating)

CLPS, Inc operates as a holding company, which provides information technology, consulting, and solutions service to banking, insurance and financial sectors. It specializes in consulting, development, maintenance and testing of software project, and recruiting, training, developing, and retaining human capital and talents.

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