NetClass Technology Inc (NASDAQ:NTCL) Sees Significant Decline in Short Interest

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 12,744 shares, a decline of 95.1% from the December 15th total of 260,774 shares. Based on an average trading volume of 132,640 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 132,640 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in NetClass Technology Inc (NASDAQ:NTCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology as of its most recent filing with the Securities and Exchange Commission.

NetClass Technology Price Performance

Shares of NetClass Technology stock traded up $0.04 on Tuesday, hitting $0.47. The company’s stock had a trading volume of 14,631 shares, compared to its average volume of 7,029,979. NetClass Technology has a 1 year low of $0.34 and a 1 year high of $51.80. The firm has a fifty day moving average price of $0.86 and a 200-day moving average price of $1.33.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About NetClass Technology

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.