NetClass Technology Inc (NASDAQ:NTCL) Short Interest Down 98.1% in July

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 12,885 shares, a decrease of 98.1% from the June 30th total of 689,185 shares. Based on an average daily trading volume, of 89,575 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

NTCL has been the subject of several research reports. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NetClass Technology has an average rating of “Sell”.

NetClass Technology Trading Down 5.4%

Shares of NASDAQ NTCL traded down $0.19 during midday trading on Friday, hitting $3.30. The company’s stock had a trading volume of 22,319 shares, compared to its average volume of 80,670. NetClass Technology has a 1-year low of $3.10 and a 1-year high of $155.00. The firm’s fifty day moving average price is $25.33 and its 200-day moving average price is $21.51.

NetClass Technology (NASDAQ:NTCL) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported ($6.35) earnings per share for the quarter. The company had revenue of $3.18 million for the quarter.

Institutional Trading of NetClass Technology

A hedge fund recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP acquired a new position in NetClass Technology Inc (NASDAQ:NTCL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 SEC.

NetClass Technology Company Profile

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.