NetSol Technologies Inc. (NASDAQ:NTWK) Sees Large Drop in Short Interest

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 14,588 shares, a drop of 39.3% from the July 30th total of 24,017 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,318 shares, the days-to-cover ratio is presently 0.8 days.

NetSol Technologies Price Performance

NASDAQ NTWK traded down $0.02 during trading on Monday, hitting $4.11. 136 shares of the company’s stock were exchanged, compared to its average volume of 31,101. The company has a market cap of $48.83 million, a PE ratio of 27.41 and a beta of 0.93. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $5.75. The stock’s 50 day moving average price is $4.33 and its two-hundred day moving average price is $3.97.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NetSol Technologies in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NetSol Technologies currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On NetSol Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC boosted its position in NetSol Technologies by 9.9% in the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after buying an additional 4,816 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NetSol Technologies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock worth $349,000 after buying an additional 3,890 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of NetSol Technologies by 10.7% in the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after acquiring an additional 6,051 shares during the last quarter. Jane Street Group LLC bought a new position in shares of NetSol Technologies in the 4th quarter valued at $82,000. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of NetSol Technologies during the 4th quarter valued at $331,000. Institutional investors own 16.02% of the company’s stock.

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.