NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,802,594 shares, a growth of 2,328.7% from the May 14th total of 115,397 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily volume of 18,225,933 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new stake in shares of NetClass Technology Inc (NASDAQ:NTCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 Stock Performance

NetClass Technology stock opened at $2.91 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $0.71 and a 200 day moving average price of $0.58. NetClass Technology has a 52 week low of $0.22 and a 52 week high of $3.10.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of NetClass Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.