NetClass Technology Inc (NASDAQ:NTCL) Short Interest Up 1,159.8% in December

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 260,774 shares, a growth of 1,159.8% from the November 30th total of 20,700 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 957,077 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 957,077 shares, the short-interest ratio is presently 0.3 days. Approximately 1.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NetClass Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NetClass Technology has an average rating of “Sell”.

NetClass Technology Price Performance

NASDAQ NTCL opened at $0.60 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.13 and a current ratio of 2.18. NetClass Technology has a twelve month low of $0.60 and a twelve month high of $51.80. The stock has a fifty day simple moving average of $1.03 and a 200 day simple moving average of $1.46.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in NetClass Technology Inc (NASDAQ:NTCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned 0.19% of NetClass Technology as of its most recent filing with the Securities and Exchange Commission.

NetClass Technology Company Profile

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.