Short Interest in NetSol Technologies Inc. (NASDAQ:NTWK) Declines By 66.5%

NetSol Technologies Inc. (NASDAQ:NTWK) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 17,135 shares, a decrease of 66.5% from the January 29th total of 51,222 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 62,997 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 62,997 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

NetSol Technologies Stock Performance

NASDAQ NTWK traded down $0.01 during trading on Thursday, reaching $3.42. The company’s stock had a trading volume of 5,106 shares, compared to its average volume of 40,653. The business’s fifty day moving average price is $3.18 and its 200-day moving average price is $3.71. NetSol Technologies has a twelve month low of $2.14 and a twelve month high of $5.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $40.42 million, a price-to-earnings ratio of 21.38 and a beta of 0.87.

Institutional Trading of NetSol Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. acquired a new position in NetSol Technologies in the 3rd quarter valued at $54,000. Global Retirement Partners LLC acquired a new stake in shares of NetSol Technologies during the 3rd quarter valued at approximately $41,000. XTX Topco Ltd acquired a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $58,000. Bridgeway Capital Management LLC grew its holdings in shares of NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after acquiring an additional 4,816 shares during the period. Finally, Empowered Funds LLC increased its stake in NetSol Technologies by 10.7% in the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after purchasing an additional 6,051 shares in the last quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTWK has been the subject of several research analyst reports. Weiss Ratings upgraded shares of NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a report on Thursday, February 19th. Wall Street Zen lowered NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

NetSol Technologies Company Profile

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.