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

CLPS Incorporation (NASDAQ:CLPS) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 14,700 shares, an increase of 96.0% from the January 31st total of 7,500 shares. Based on an average daily volume of 22,900 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

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% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,269 shares of the company’s stock after buying an additional 24,237 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of CLPS Incorporation worth $44,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.24% of the company’s stock.

CLPS Incorporation Trading Up 1.3 %

NASDAQ:CLPS opened at $1.18 on Friday. The stock has a fifty day simple moving average of $1.21 and a 200 day simple moving average of $1.22. CLPS Incorporation has a 1-year low of $0.68 and a 1-year high of $1.70.

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.