Short Interest in CLPS Inc (NASDAQ:CLPS) Decreases By 45.8%

CLPS Inc (NASDAQ:CLPS) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 18,900 shares, a decrease of 45.8% from the August 30th total of 34,900 shares. Based on an average trading volume of 17,600 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s shares are short sold.

Separately, ValuEngine raised shares of CLPS from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ CLPS traded up $0.02 on Friday, reaching $4.92. 63,659 shares of the company traded hands, compared to its average volume of 24,242. CLPS has a fifty-two week low of $2.12 and a fifty-two week high of $17.99. The company has a 50 day moving average of $5.11 and a 200 day moving average of $6.49.

Several hedge funds and other institutional investors have recently bought and sold shares of CLPS. Invesco Ltd. acquired a new position in shares of CLPS during the 2nd quarter valued at about $86,000. Morgan Stanley increased its stake in shares of CLPS by 27.7% during the 2nd quarter. Morgan Stanley now owns 17,202 shares of the company’s stock valued at $97,000 after acquiring an additional 3,734 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of CLPS by 379.2% during the 2nd quarter. Citadel Advisors LLC now owns 92,820 shares of the company’s stock valued at $524,000 after acquiring an additional 73,452 shares during the last quarter. 1.03% of the stock is owned by institutional investors.

CLPS Company Profile

CLPS Incorporation provides information technology and consulting services to 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.

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