NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 88,987 shares, a drop of 21.0% from the November 30th total of 112,636 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,668 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 41,668 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.9% of the shares of the stock are sold short.

Institutional Trading of NetSol Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTWK. Hillsdale Investment Management Inc. bought a new stake in NetSol Technologies in the third quarter worth about $37,000. Global Retirement Partners LLC purchased a new position in NetSol Technologies during the 3rd quarter valued at $41,000. Thompson Davis & CO. Inc. bought a new position in NetSol Technologies in the 3rd quarter valued at $54,000. PFG Investments LLC purchased a new stake in NetSol Technologies in the second quarter worth $78,000. Finally, IFP Advisors Inc lifted its position in shares of NetSol Technologies by 33,588.0% during the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock worth $80,000 after purchasing an additional 16,794 shares during the last quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on NTWK shares. Wall Street Zen lowered shares of NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of NetSol Technologies in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

NetSol Technologies Stock Down 1.0%

Shares of NTWK opened at $3.05 on Tuesday. The company has a market cap of $35.99 million, a PE ratio of 76.27 and a beta of 0.88. The business has a fifty day moving average of $3.40 and a 200 day moving average of $3.83. NetSol Technologies has a 52-week low of $2.14 and a 52-week high of $5.75. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.01.

About NetSol Technologies

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.