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

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

Hedge Funds Weigh In On CLPS Incorporation

A hedge fund recently raised its stake in CLPS Incorporation stock. Renaissance Technologies LLC grew its stake in shares of CLPS Incorporation (NASDAQ:CLPS) by 186.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,269 shares of the company’s stock after purchasing an additional 24,237 shares during the period. Renaissance Technologies LLC owned about 0.13% of CLPS Incorporation worth $44,000 as of its most recent SEC filing. 0.24% of the stock is owned by hedge funds and other institutional investors.

CLPS Incorporation Stock Down 2.2 %

Shares of CLPS Incorporation stock traded down $0.03 on Monday, reaching $1.14. 1,575 shares of the company were exchanged, compared to its average volume of 19,737. The company’s 50-day moving average is $1.21 and its two-hundred day moving average is $1.22. CLPS Incorporation has a 1-year low of $0.68 and a 1-year high of $1.70.

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.