NetClass Technology Inc (NASDAQ:NTCL) Shares Shorted: Short Interest Up 107.5% in September

NetClass Technology Inc (NASDAQ:NTCL) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 12,680 shares, an increase of 107.5% from the August 31st total of 6,110 shares. Based on an average daily volume of 36,019 shares, the short-interest ratio is presently 0.4 days. Approximately 1.1% of the company’s shares are sold short.

Analyst Ratings Changes

NTCL has been the topic of a number of analyst reports. Weiss Ratings cut NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

NetClass Technology Price Performance

NASDAQ NTCL opened at $1.99 on Wednesday. NetClass Technology has a twelve month low of $1.74 and a twelve month high of $155.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $2.44 and its two-hundred day moving average price is $16.24.

NetClass Technology (NASDAQ:NTCL) last released its earnings results on Wednesday, July 22nd. The company reported ($6.35) earnings per share (EPS) for the quarter. The firm had revenue of $3.18 million during the quarter.

NetClass Technology Company Profile

NetClass Technology Inc is an education technology company that provides digital solutions for schools, educators, students and families. Through its technology platforms, the company supports communication, learning management and administrative processes across educational institutions.

Its offerings include online education tools, smart-campus solutions and related software services designed to help schools manage teaching, student information and interactions among teachers, students and parents.