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

CLPS Incorporation (NASDAQ:CLPS) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 16,600 shares, a drop of 14.4% from the March 15th total of 19,400 shares. Based on an average daily trading volume, of 17,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

CLPS Incorporation Price Performance

Shares of NASDAQ:CLPS opened at $1.02 on Monday. CLPS Incorporation has a 12 month low of $0.68 and a 12 month high of $1.70. The business’s 50 day simple moving average is $1.16 and its 200-day simple moving average is $1.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CLPS Incorporation stock. Renaissance Technologies LLC boosted its holdings in shares of CLPS Incorporation (NASDAQ:CLPS) by 186.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,269 shares of the company’s stock after acquiring an additional 24,237 shares during the period. Renaissance Technologies LLC owned about 0.13% of CLPS Incorporation worth $44,000 at the end of the most recent reporting period. 0.24% of the stock is currently owned by hedge funds and other institutional investors.

About CLPS Incorporation

CLPS Incorporation provides information technology (IT), 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.