NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 24,317 shares, a growth of 88.7% from the July 15th total of 12,885 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 71,849 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NTCL shares. Weiss Ratings lowered NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, NetClass Technology presently has an average rating of “Sell”.

NetClass Technology Price Performance

NASDAQ:NTCL opened at $2.49 on Tuesday. NetClass Technology has a fifty-two week low of $2.35 and a fifty-two week high of $155.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $10.63 and a 200-day moving average price of $19.30.

NetClass Technology (NASDAQ:NTCL) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported ($6.35) EPS for the quarter. The company had revenue of $3.18 million during the quarter.

Hedge Funds Weigh In On NetClass Technology

An institutional investor recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned 0.19% of NetClass Technology at the end of the most recent quarter.

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.