CLPS Incorporation (NASDAQ:CLPS) Short Interest Update

CLPS Incorporation (NASDAQ:CLPS) was the target of a significant drop in short interest in the month of 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. Based on an average daily trading volume, of 18,919 shares, the short-interest ratio is currently 2.4 days. Currently, 0.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

CLPS Incorporation Price Performance

Shares of CLPS Incorporation stock opened at $0.91 on Monday. The business has a 50-day simple moving average of $1.05 and a 200-day simple moving average of $0.98. CLPS Incorporation has a one year low of $0.80 and a one year high of $1.88.

CLPS Incorporation (NASDAQ:CLPS) last issued its earnings results on Sunday, February 15th. The company reported $0.03 earnings per share for the quarter. The firm 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.