NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 209,038 shares, an increase of 126.5% from the January 15th total of 92,272 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,895,206 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 4,895,206 shares, the short-interest ratio is currently 0.0 days. Approximately 1.0% of the company’s stock are sold short.

NetClass Technology Trading Down 2.5%

Shares of NetClass Technology stock traded down $0.01 on Friday, reaching $0.37. The stock had a trading volume of 43,032 shares, compared to its average volume of 3,602,046. NetClass Technology has a 1 year low of $0.34 and a 1 year high of $51.80. The company has a 50 day moving average price of $0.53 and a 200 day moving average price of $1.15. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.07.

NetClass Technology (NASDAQ:NTCL) last released its earnings results on Friday, January 30th. The company reported ($0.16) EPS for the quarter. The company had revenue of $3.08 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP acquired 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 firm acquired 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned 0.19% of NetClass Technology as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.