NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 19.0% in January

NetSol Technologies Inc. (NASDAQ:NTWK) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 51,222 shares, a drop of 19.0% from the January 15th total of 63,208 shares. Based on an average daily volume of 36,895 shares, the short-interest ratio is currently 1.4 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 36,895 shares, the short-interest ratio is currently 1.4 days.

NetSol Technologies Stock Up 1.5%

Shares of NASDAQ:NTWK traded up $0.05 during trading on Tuesday, reaching $3.28. 34,798 shares of the company traded hands, compared to its average volume of 49,031. The firm has a fifty day simple moving average of $3.14 and a 200 day simple moving average of $3.74. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 1-year low of $2.14 and a 1-year high of $5.75. The firm has a market cap of $38.77 million, a P/E ratio of 20.50 and a beta of 0.87.

Analyst Ratings Changes

Several analysts have issued reports on NTWK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of NetSol Technologies in a research note on Monday, December 29th. Wall Street Zen lowered NetSol Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On NetSol Technologies

Several institutional investors have recently made changes to their positions in NTWK. Hillsdale Investment Management Inc. acquired a new position in NetSol Technologies in the third quarter worth approximately $37,000. Global Retirement Partners LLC bought a new stake in NetSol Technologies in the third quarter worth approximately $41,000. Thompson Davis & CO. Inc. bought a new stake in NetSol Technologies in the third quarter worth approximately $54,000. IFP Advisors Inc increased its stake in shares of NetSol Technologies by 33,588.0% during the 3rd 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. Finally, Jane Street Group LLC bought a new position in shares of NetSol Technologies during the 4th quarter valued at $82,000. 16.02% of the stock is currently owned by institutional investors and hedge funds.

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.