Short Interest in NetSol Technologies Inc. (NASDAQ:NTWK) Rises By 111.9%
by Teresa Graham · The Cerbat GemNetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 28,394 shares, an increase of 111.9% from the March 15th total of 13,398 shares. Based on an average trading volume of 39,095 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.
Hedge Funds Weigh In On NetSol Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its stake in NetSol Technologies by 10.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock valued at $197,000 after purchasing an additional 6,051 shares in the last quarter. Rothschild Wealth LLC bought a new position in NetSol Technologies during the 4th quarter valued at $303,000. Mink Brook Asset Management LLC bought a new stake in shares of NetSol Technologies during the 4th quarter worth $331,000. Jane Street Group LLC bought a new stake in shares of NetSol Technologies during the 4th quarter worth $82,000. Finally, Empowered Funds LLC boosted its stake in shares of NetSol Technologies by 10.7% during the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock worth $189,000 after acquiring an additional 6,051 shares in the last quarter. 16.02% of the stock is owned by institutional investors.
NetSol Technologies Price Performance
NASDAQ NTWK traded up $0.01 on Friday, reaching $3.37. 28,387 shares of the stock traded hands, compared to its average volume of 28,079. The firm’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $3.53. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.01. The company has a market cap of $39.82 million, a price-to-earnings ratio of 21.06 and a beta of 0.89. NetSol Technologies has a 12 month low of $2.19 and a 12 month high of $5.75.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Report on NetSol Technologies
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.