CLPS Incorporation (NASDAQ:CLPS – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 23,833 shares, a growth of 280.8% from the August 15th total of 6,258 shares. Based on an average daily trading volume, of 35,837 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.
CLPS Incorporation Trading Down 4.6%
Shares of NASDAQ CLPS traded down $0.05 during mid-day trading on Friday, reaching $1.02. 1,993 shares of the company were exchanged, compared to its average volume of 22,977. CLPS Incorporation has a 1 year low of $0.80 and a 1 year high of $1.88. The firm has a 50-day moving average of $0.92 and a 200 day moving average of $0.94.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CLPS Incorporation in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
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.
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