NetClass Technology Inc (NASDAQ:NTCL) Stock Short Interest Rises 107.5%

NetClass Technology Inc (NASDAQ:NTCL) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 12,680 shares, a growth of 107.5% from the August 31st total of 6,110 shares. Based on an average daily trading volume, of 36,019 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the company’s stock are sold short.

NetClass Technology Price Performance

Shares of NTCL traded down $0.10 on Tuesday, reaching $1.99. 17,920 shares of the stock traded hands, compared to its average volume of 23,416. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. NetClass Technology has a 12 month low of $1.74 and a 12 month high of $155.00. The stock’s 50-day moving average price is $2.46 and its 200-day moving average price is $16.33.

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

Analyst Ratings Changes

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

About NetClass Technology

NetClass Technology Inc is an education technology company that provides digital solutions for schools, educators, students and families. Through its technology platforms, the company supports communication, learning management and administrative processes across educational institutions.

Its offerings include online education tools, smart-campus solutions and related software services designed to help schools manage teaching, student information and interactions among teachers, students and parents.