NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Down 43.2% in November

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decrease of 43.2% from the October 31st total of 14,600 shares. Based on an average daily trading volume, of 26,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC boosted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. 16.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on NetSol Technologies in a research report on Tuesday. They issued a “buy” rating on the stock.

NetSol Technologies Stock Performance

Shares of NetSol Technologies stock traded up $0.02 during trading on Thursday, hitting $2.68. 13,396 shares of the company’s stock traded hands, compared to its average volume of 25,212. NetSol Technologies has a 1 year low of $1.94 and a 1 year high of $3.34. The business has a 50-day simple moving average of $2.94 and a 200-day simple moving average of $2.77. The stock has a market capitalization of $30.77 million, a P/E ratio of 38.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The company had revenue of $16.45 million during the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.