CLPS Incorporation (NASDAQ:CLPS) Short Interest Down 50.6% in May

CLPS Incorporation (NASDAQ:CLPS) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 5,981 shares, a drop 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. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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.com, CLPS Incorporation has a consensus rating of “Sell”.

CLPS Incorporation Stock Performance

NASDAQ CLPS traded up $0.09 on Monday, reaching $0.99. The company had a trading volume of 12,663 shares, compared to its average volume of 18,187. The firm’s 50 day moving average price is $0.92 and its 200 day moving average price is $0.95. CLPS Incorporation has a 12 month low of $0.80 and a 12 month high of $1.88.

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