NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Up 31.5% in February

NetSol Technologies, Inc. (NASDAQ:NTWK) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 14,600 shares, a growth of 31.5% from the January 31st total of 11,100 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 26,500 shares, the days-to-cover ratio is currently 0.6 days.

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.46 on Thursday. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The stock has a market capitalization of $28.71 million, a PE ratio of -35.14 and a beta of 1.07. The stock has a 50-day simple moving average of $2.60 and a 200-day simple moving average of $2.75.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The firm had revenue of $15.54 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on NetSol Technologies in a research note on Sunday. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On NetSol Technologies

Several institutional investors have recently modified their holdings of NTWK. Squarepoint Ops LLC purchased a new position in NetSol Technologies in the fourth quarter valued at $28,000. Wolverine Trading LLC lifted its holdings in NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after buying an additional 28,083 shares during the last quarter. Perritt Capital Management Inc boosted its position in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after acquiring an additional 29,361 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after acquiring an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares in the last quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.