NetSol Technologies Inc. (NASDAQ:NTWK) Sees Large Decline in Short Interest

NetSol Technologies Inc. (NASDAQ:NTWK) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 63,208 shares, a decline of 13.7% from the December 31st total of 73,210 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,068 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 28,068 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.6% of the shares of the stock are short sold.

NetSol Technologies Trading Down 1.5%

Shares of NASDAQ:NTWK traded down $0.06 on Tuesday, hitting $3.83. The company had a trading volume of 13,737 shares, compared to its average volume of 34,471. The firm’s 50-day simple moving average is $3.07 and its two-hundred day simple moving average is $3.81. The firm has a market capitalization of $45.19 million, a price-to-earnings ratio of 95.77 and a beta of 0.86. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 1 year low of $2.14 and a 1 year high of $5.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PFG Investments LLC bought a new position in shares of NetSol Technologies in the 2nd quarter worth approximately $78,000. Bridgeway Capital Management LLC boosted its position in shares of NetSol Technologies by 9.9% during the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after purchasing an additional 4,816 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in NetSol Technologies in the third quarter worth $41,000. Thompson Davis & CO. Inc. purchased a new stake in NetSol Technologies in the third quarter worth $54,000. Finally, Hillsdale Investment Management Inc. bought a new position in NetSol Technologies in the third quarter worth $37,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

Wall Street Analyst Weigh In

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

NetSol Technologies Company Profile

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.