NetClass Technology Inc (NASDAQ:NTCL) Sees Large Decline in Short Interest

NetClass Technology Inc (NASDAQ:NTCLGet Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 689,185 shares, a decline of 65.9% from the June 15th total of 2,023,389 shares. Approximately 57.4% of the shares of the company are short sold. Based on an average daily volume of 3,905,846 shares, the short-interest ratio is presently 0.2 days.

NetClass Technology Stock Performance

Shares of NTCL opened at $4.59 on Monday. NetClass Technology has a 52 week low of $3.46 and a 52 week high of $155.00. The stock’s 50-day moving average price is $28.54 and its 200-day moving average price is $22.95.

Institutional Investors Weigh In On NetClass Technology

An institutional investor recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP bought a new stake in shares of NetClass Technology Inc (NASDAQ:NTCLFree Report) in the 2nd quarter, according to its most recent disclosure 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 reporting period.

Analysts Set New Price Targets

NTCL has been the subject of a number of research analyst reports. Wall Street Zen cut shares of NetClass Technology to a “strong sell” rating in a report on Sunday. Weiss Ratings raised shares of NetClass Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on NTCL

About NetClass Technology

(Get Free Report)

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.

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