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

CLPS Incorporation (NASDAQ:CLPSGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 42,000 shares, a decline of 28.6% from the March 31st total of 58,800 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 55,800 shares, the short-interest ratio is presently 0.8 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in CLPS Incorporation by 33.9% during the 3rd quarter. Renaissance Technologies LLC now owns 80,600 shares of the company’s stock worth $232,000 after buying an additional 20,400 shares during the period. Susquehanna International Group LLP increased its holdings in shares of 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 purchasing an additional 44,955 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of CLPS Incorporation in the 4th quarter valued at about $72,000. Hedge funds and other institutional investors own 1.30% of the company’s stock.

NASDAQ CLPS remained flat at $$1.79 on Monday. The company’s stock had a trading volume of 516 shares, compared to its average volume of 51,941. The firm’s fifty day moving average price is $2.00. CLPS Incorporation has a 12-month low of $1.61 and a 12-month high of $5.25.

About CLPS Incorporation (Get Rating)

CLPS Incorporation provides information technology, consulting, and solutions to institutions operating in banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management.

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