NetClass Technology Inc (NASDAQ:NTCL) Stock Short Interest Report for October

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 19,929 shares, a growth of 132.3% from the September 30th total of 8,578 shares. Based on an average daily trading volume, of 1,734,568 shares, the short-interest ratio is currently 0.0 days. Currently, 1.7% of the shares of the company are sold short.

NetClass Technology Stock Performance

Shares of NTCL traded down $0.14 during mid-day trading on Friday, reaching $0.40. 214,242 shares of the company’s stock traded hands, compared to its average volume of 1,017,500. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day moving average price is $1.66 and its 200-day moving average price is $14.86. NetClass Technology has a 12 month low of $0.34 and a 12 month high of $155.00.

NetClass Technology’s stock is going to reverse split before the market opens on Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 19th.

Analyst Upgrades and Downgrades

NTCL has been the subject of several recent research reports. Wall Street Zen raised NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, NetClass Technology currently has an average rating of “Sell”.

About NetClass Technology

NetClass Technology Inc is an education technology company that provides digital solutions and services for educational institutions. Its offerings are designed to support the management, delivery and administration of education through technology-enabled platforms and related services.

The company’s business includes education software, online learning and digital education resources, as well as technology services for schools and other education organizations. Its solutions may support areas such as campus administration, instructional delivery, educational content and the digitization of school operations.

NetClass Technology serves customers in China through its education technology operations.