CLPS Incorporation (NASDAQ:CLPS) Short Interest Up 61.9% in February

CLPS Incorporation (NASDAQ:CLPS) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 23,800 shares, a growth of 61.9% from the February 13th total of 14,700 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 21,800 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On CLPS Incorporation

An institutional investor recently raised its position in CLPS Incorporation stock. Renaissance Technologies LLC raised its holdings in shares of CLPS Incorporation (NASDAQ:CLPS) by 186.0% during 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 quarter. Renaissance Technologies LLC owned approximately 0.13% of CLPS Incorporation worth $44,000 as of its most recent filing with the Securities & Exchange Commission. 0.24% of the stock is currently owned by institutional investors and hedge funds.

CLPS Incorporation Price Performance

Shares of NASDAQ:CLPS opened at $1.18 on Monday. The company’s 50-day moving average is $1.23 and its 200 day moving average is $1.24. CLPS Incorporation has a fifty-two week low of $0.68 and a fifty-two week 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.