NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Down 15.0% in January

NetSol Technologies, Inc. (NASDAQ:NTWK) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 19,900 shares, a drop of 15.0% from the December 31st total of 23,400 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 23,800 shares, the short-interest ratio is presently 0.8 days.

NetSol Technologies Stock Performance

Shares of NetSol Technologies stock traded down $0.06 during midday trading on Monday, hitting $2.63. The company had a trading volume of 25,197 shares, compared to its average volume of 22,576. The business’s 50 day simple moving average is $2.67 and its two-hundred day simple moving average is $2.79. The stock has a market cap of $30.19 million, a PE ratio of 37.57 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 has a 1-year low of $2.09 and a 1-year high of $3.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC increased its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor 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 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of NetSol Technologies in a report on Wednesday, January 29th. They issued a “buy” rating for the company.

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.