NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,779 shares, a drop of 72.1% from the July 30th total of 24,317 shares. Based on an average daily volume of 47,689 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings downgraded NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. Wall Street Zen upgraded shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On NetClass Technology

An institutional investor recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP bought a new stake in shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period.

NetClass Technology Stock Performance

NetClass Technology stock traded down $0.02 during mid-day trading on Friday, hitting $2.40. The company’s stock had a trading volume of 11,196 shares, compared to its average volume of 61,712. NetClass Technology has a 52-week low of $2.28 and a 52-week high of $155.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $3.90 and its 200 day moving average is $18.37.

NetClass Technology (NASDAQ:NTCL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported ($6.35) earnings per share (EPS) for the quarter. The firm had revenue of $3.18 million during the quarter.

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.