NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 21.0% in December

by · The Markets Daily

NetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 88,987 shares, a decline of 21.0% from the November 30th total of 112,636 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 41,668 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 41,668 shares, the short-interest ratio is presently 2.1 days. Approximately 0.9% of the shares of the stock are sold short.

NetSol Technologies Trading Up 1.3%

Shares of NetSol Technologies stock traded up $0.04 on Wednesday, reaching $3.03. 25,898 shares of the company’s stock were exchanged, compared to its average volume of 41,432. The company has a market capitalization of $35.75 million, a P/E ratio of 75.77 and a beta of 0.88. NetSol Technologies has a 52 week low of $2.14 and a 52 week high of $5.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.15 and a current ratio of 2.15. The firm’s 50-day moving average is $3.33 and its two-hundred day moving average is $3.82.

Analyst Upgrades and Downgrades

NTWK has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of NetSol Technologies in a report on Monday. Wall Street Zen downgraded NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Report on NTWK

Institutional Investors Weigh In On NetSol Technologies

A number of large investors have recently bought and sold shares of the stock. PFG Investments LLC acquired a new position in shares of NetSol Technologies during the second quarter valued at about $78,000. Bridgeway Capital Management LLC increased its position in NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after buying an additional 4,816 shares in the last quarter. Global Retirement Partners LLC acquired a new position in NetSol Technologies during the 3rd quarter worth approximately $41,000. Thompson Davis & CO. Inc. bought a new position in NetSol Technologies in the third quarter worth approximately $54,000. Finally, Hillsdale Investment Management Inc. bought a new position in NetSol Technologies in the third quarter worth approximately $37,000. 16.02% of the stock is currently owned by institutional investors and hedge funds.

NetSol Technologies Company Profile

(Get Free Report)

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.

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