Short Interest in NetSol Technologies Inc. (NASDAQ:NTWK) Drops By 17.7%

NetSol Technologies Inc. (NASDAQ:NTWK) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 73,210 shares, a decrease of 17.7% from the December 15th total of 88,987 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 42,665 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 42,665 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of NetSol Technologies in a report on Monday, December 29th. Wall Street Zen downgraded shares of NetSol Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NetSol Technologies has an average rating of “Sell”.

Institutional Trading of NetSol Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in NTWK. IFP Advisors Inc boosted its holdings in NetSol Technologies by 33,588.0% in the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after purchasing an additional 16,794 shares during the period. Bridgeway Capital Management LLC increased 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 valued at $280,000 after acquiring an additional 5,268 shares during the period. Hillsdale Investment Management Inc. acquired a new position in NetSol Technologies in the 3rd quarter valued at approximately $37,000. Thompson Davis & CO. Inc. acquired a new position in NetSol Technologies in the 3rd quarter valued at approximately $54,000. Finally, Global Retirement Partners LLC bought a new stake in shares of NetSol Technologies in the 3rd quarter worth approximately $41,000. 16.02% of the stock is currently owned by institutional investors.

NetSol Technologies Price Performance

Shares of NASDAQ:NTWK traded down $0.15 during trading on Tuesday, reaching $3.03. The company had a trading volume of 25,961 shares, compared to its average volume of 28,288. 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 2.15 and a current ratio of 2.15. The firm has a market capitalization of $35.74 million, a PE ratio of 75.77 and a beta of 0.84. The firm’s fifty day moving average is $3.02 and its 200 day moving average is $3.84.

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.