NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 13.0% in February

NetSol Technologies Inc. (NASDAQ:NTWK) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 14,911 shares, a drop of 13.0% from the February 12th total of 17,135 shares. Based on an average daily trading volume, of 33,898 shares, the short-interest ratio is currently 0.4 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 trading volume, of 33,898 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On NetSol Technologies

Large investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC boosted its holdings in NetSol Technologies by 9.9% during the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after buying an additional 4,816 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of NetSol Technologies during the 3rd quarter valued at approximately $41,000. Thompson Davis & CO. Inc. purchased a new stake in shares of NetSol Technologies during the 3rd quarter worth approximately $54,000. Hillsdale Investment Management Inc. acquired a new stake in shares of NetSol Technologies in the 3rd quarter worth approximately $37,000. Finally, IFP Advisors Inc increased its stake in NetSol Technologies by 33,588.0% in the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after purchasing an additional 16,794 shares in the last quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Price Performance

Shares of NetSol Technologies stock traded up $0.14 during trading on Tuesday, reaching $3.69. The company’s stock had a trading volume of 15,398 shares, compared to its average volume of 37,075. The business has a 50 day moving average price of $3.32 and a 200-day moving average price of $3.66. NetSol Technologies has a 12-month low of $2.14 and a 12-month high of $5.75. The company has a market capitalization of $43.62 million, a P/E ratio of 23.06 and a beta of 0.85. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01.

About NetSol Technologies

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.