Short Interest in CLPS Incorporation (NASDAQ:CLPS) Increases By 59.6%

CLPS Incorporation (NASDAQ:CLPS) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 7,500 shares, an increase of 59.6% from the January 15th total of 4,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 29,500 shares, the short-interest ratio is presently 0.3 days.

CLPS Incorporation Price Performance

Shares of CLPS stock traded up $0.02 during trading hours on Thursday, reaching $1.32. The company had a trading volume of 6,835 shares, compared to its average volume of 18,467. CLPS Incorporation has a 12-month low of $0.68 and a 12-month high of $1.70. The stock has a fifty day moving average of $1.18 and a 200-day moving average of $1.18.

Institutional Trading of CLPS Incorporation

A hedge fund recently raised its stake in CLPS Incorporation stock. Renaissance Technologies LLC raised its holdings in CLPS Incorporation (NASDAQ:CLPS) by 186.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,269 shares of the company’s stock after purchasing an additional 24,237 shares during the quarter. Renaissance Technologies LLC owned 0.13% of CLPS Incorporation worth $44,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.24% of the company’s stock.

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.