NetClass Technology Inc (NASDAQ:NTCL) Short Interest Up 624.0% in January

by · The Cerbat Gem

NetClass Technology Inc (NASDAQ:NTCL – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 92,272 shares, an increase of 624.0% from the December 31st total of 12,744 shares. Based on an average daily trading volume, of 5,628,893 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,628,893 shares, the short-interest ratio is currently 0.0 days.

NetClass Technology Price Performance

NASDAQ NTCL traded down $0.02 during trading on Tuesday, reaching $0.41. The company’s stock had a trading volume of 246,027 shares, compared to its average volume of 5,309,324. The firm has a fifty day moving average of $0.71 and a 200 day moving average of $1.25. NetClass Technology has a one year low of $0.34 and a one year high of $51.80.

Institutional Investors Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in NetClass Technology Inc (NASDAQ:NTCL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned about 0.19% of NetClass Technology at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NetClass Technology in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, NetClass Technology presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on NetClass Technology

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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