NetSol Technologies Inc. (NASDAQ:NTWK) Sees Large Drop in Short Interest

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 14,588 shares, a decline of 39.3% from the July 30th total of 24,017 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 17,318 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of NetSol Technologies

Several large investors have recently modified their holdings of NTWK. XTX Topco Ltd bought a new position in shares of NetSol Technologies in the fourth quarter worth $58,000. Jane Street Group LLC acquired a new stake in NetSol Technologies during the fourth quarter worth about $82,000. Bridgeway Capital Management LLC grew its stake 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. Empowered Funds LLC increased its holdings in NetSol Technologies by 10.7% in the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after buying an additional 6,051 shares during the period. Finally, Rothschild Wealth LLC bought a new position in NetSol Technologies in the 4th quarter valued at about $303,000. 16.02% of the stock is owned by institutional investors and hedge funds.

NetSol Technologies Price Performance

Shares of NASDAQ NTWK traded down $0.02 during midday trading on Monday, reaching $4.11. The company’s stock had a trading volume of 136 shares, compared to its average volume of 31,101. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $5.75. The business’s 50 day moving average price is $4.33 and its two-hundred day moving average price is $3.97. The company has a market cap of $48.83 million, a P/E ratio of 27.41 and a beta of 0.93.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NetSol Technologies in a research note on Friday, August 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, NetSol Technologies currently has a consensus rating of “Hold”.

NetSol Technologies Company Profile

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.