CLPS Incorporation (NASDAQ:CLPS) Short Interest Down 18.5% in March

CLPS Incorporation (NASDAQ:CLPS) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 19,400 shares, a decline of 18.5% from the February 28th total of 23,800 shares. Based on an average daily trading volume, of 17,700 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the company are short sold.

CLPS Incorporation Stock Performance

CLPS opened at $1.14 on Thursday. The company’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.23. CLPS Incorporation has a 52-week low of $0.68 and a 52-week high of $1.70.

Institutional Investors Weigh In On CLPS Incorporation

A hedge fund recently raised its stake in CLPS Incorporation stock. Renaissance Technologies LLC boosted its position 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 SEC. The fund owned 37,269 shares of the company’s stock after acquiring an additional 24,237 shares during the quarter. Renaissance Technologies LLC owned 0.13% of CLPS Incorporation worth $44,000 at the end of the most recent reporting period. 0.24% of the stock is owned by institutional investors.

CLPS Incorporation Company Profile

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.