NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 209,038 shares, an increase of 126.5% from the January 15th total of 92,272 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,895,206 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 4,895,206 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.0% of the company’s shares are sold short.

Hedge Funds Weigh In On NetClass Technology

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

NetClass Technology Price Performance

Shares of NTCL opened at $0.36 on Friday. The company has a 50-day simple moving average of $0.51 and a two-hundred day simple moving average of $1.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.29. NetClass Technology has a one year low of $0.34 and a one year high of $51.80.

NetClass Technology (NASDAQ:NTCL) last posted its earnings results on Friday, January 30th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $3.08 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NetClass Technology in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About NetClass Technology

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.