Short Interest in NetSol Technologies Inc. (NASDAQ:NTWK) Decreases By 19.0%

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 51,222 shares, a drop of 19.0% from the January 15th total of 63,208 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 36,895 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 36,895 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company’s shares are short sold.

NetSol Technologies Trading Up 1.6%

NetSol Technologies stock traded up $0.05 during trading hours on Monday, reaching $3.23. 52,131 shares of the company’s stock were exchanged, compared to its average volume of 49,031. The firm’s 50 day simple moving average is $3.12 and its 200 day simple moving average is $3.75. NetSol Technologies has a twelve month low of $2.14 and a twelve month high of $5.75. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $38.10 million, a PE ratio of 20.19 and a beta of 0.87.

Institutional Investors Weigh In On NetSol Technologies

Hedge funds have recently added to or reduced their stakes in the business. Evernest Financial Advisors LLC bought a new position in shares of NetSol Technologies during the 4th quarter worth approximately $419,000. Geode Capital Management LLC increased its stake in shares of NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after acquiring an additional 3,890 shares in the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of NetSol Technologies during the 4th quarter valued at $331,000. Empowered Funds LLC boosted its stake in NetSol Technologies by 10.7% during the fourth quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock worth $189,000 after acquiring an additional 6,051 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in NetSol Technologies by 9.8% during the third quarter. Bridgeway Capital Management LLC now owns 58,976 shares of the software maker’s stock worth $280,000 after acquiring an additional 5,268 shares in the last quarter. 16.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen lowered NetSol Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NetSol Technologies in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.