NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 13.7% in January
by Scott Moore · The Cerbat GemNetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 63,208 shares, a decline of 13.7% from the December 31st total of 73,210 shares. Based on an average daily volume of 28,068 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 28,068 shares, the days-to-cover ratio is presently 2.3 days.
Analysts Set New Price Targets
A number of research firms have weighed in on NTWK. Wall Street Zen lowered NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d+)” rating on shares of NetSol Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Analysis on NTWK
NetSol Technologies Price Performance
Shares of NTWK traded down $0.06 during trading hours on Tuesday, reaching $3.83. 13,737 shares of the company’s stock traded hands, compared to its average volume of 34,471. NetSol Technologies has a 12 month low of $2.14 and a 12 month high of $5.75. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The stock has a market cap of $45.19 million, a PE ratio of 95.77 and a beta of 0.86. The firm’s 50 day simple moving average is $3.07 and its 200-day simple moving average is $3.81.
Hedge Funds Weigh In On NetSol Technologies
A number of institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. purchased a new stake in shares of NetSol Technologies during the 3rd quarter valued at $37,000. Global Retirement Partners LLC bought a new position in NetSol Technologies in the third quarter valued at $41,000. Thompson Davis & CO. Inc. purchased a new stake in NetSol Technologies during the third quarter valued at about $54,000. PFG Investments LLC bought a new stake in NetSol Technologies during the second quarter worth about $78,000. Finally, IFP Advisors Inc lifted its stake in NetSol Technologies by 33,588.0% during the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock worth $80,000 after purchasing an additional 16,794 shares during the last quarter. Institutional investors own 16.02% of the company’s stock.
About NetSol Technologies
NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.
The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.