Short Interest in CLPS Incorporation (NASDAQ:CLPS) Declines By 18.5%

CLPS Incorporation (NASDAQ:CLPS) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 19,400 shares, a decrease of 18.5% from the February 28th total of 23,800 shares. Based on an average daily volume of 17,700 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CLPS Incorporation stock. Renaissance Technologies LLC grew its position in shares of CLPS Incorporation (NASDAQ:CLPS) by 186.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,269 shares of the company’s stock after buying 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 filing with the Securities & Exchange Commission. Institutional investors own 0.24% of the company’s stock.

CLPS Incorporation Trading Down 3.4 %

CLPS opened at $1.14 on Thursday. The stock has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.23. CLPS Incorporation has a 12-month low of $0.68 and a 12-month 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.