NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 12,744 shares, a decrease of 95.1% from the December 15th total of 260,774 shares. Based on an average daily volume of 132,640 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 132,640 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP acquired a new position in NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

NetClass Technology Trading Down 3.0%

Shares of NTCL traded down $0.01 during midday trading on Wednesday, hitting $0.41. 58,882 shares of the company traded hands, compared to its average volume of 2,870,750. NetClass Technology has a one year low of $0.34 and a one year high of $51.80. The stock has a 50-day moving average of $0.84 and a 200-day moving average of $1.33.

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.