NetClass Technology Inc (NASDAQ:NTCL) Short Interest Down 65.9% in June

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 689,185 shares, a decrease of 65.9% from the June 15th total of 2,023,389 shares. Approximately 57.4% of the company’s stock are short sold. Based on an average daily volume of 3,905,846 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several research firms have issued reports on NTCL. Wall Street Zen lowered NetClass Technology to a “strong sell” rating in a research note on Sunday. Weiss Ratings raised shares of NetClass Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in NetClass Technology Inc (NASDAQ:NTCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

NetClass Technology Price Performance

Shares of NTCL stock opened at $4.59 on Monday. NetClass Technology has a 12-month low of $3.46 and a 12-month high of $155.00. The business’s fifty day simple moving average is $28.54 and its 200-day simple moving average is $22.95.

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.