NetSol Technologies Inc. (NASDAQ:NTWK) Sees Significant Increase in Short Interest

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 24,382 shares, a growth of 102.1% from the May 14th total of 12,065 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 38,974 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of NetSol Technologies

Several hedge funds and other institutional investors have recently modified their holdings of NTWK. Geode Capital Management LLC grew its holdings in shares of NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after acquiring an additional 3,890 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after acquiring an additional 4,816 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of NetSol Technologies by 9.0% in the 1st quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock valued at $231,000 after acquiring an additional 5,624 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of NetSol Technologies in the 3rd quarter valued at about $37,000. Finally, IFP Advisors Inc grew its holdings in shares of NetSol Technologies by 33,588.0% in the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares in the last quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

NetSol Technologies Stock Performance

NTWK opened at $4.52 on Friday. The business’s 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.48. NetSol Technologies has a 1 year low of $2.73 and a 1 year high of $5.75. The company has a market capitalization of $53.70 million, a price-to-earnings ratio of 30.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.The firm had revenue of $19.83 million for the quarter, compared to the consensus estimate of $15.10 million.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average 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.