NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Update
by Doug Wharley · The Cerbat GemNetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 17,135 shares, a decrease of 66.5% from the January 29th total of 51,222 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 62,997 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 62,997 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.
NetSol Technologies Stock Performance
NASDAQ NTWK traded up $0.16 on Friday, hitting $3.52. 65,547 shares of the stock were exchanged, compared to its average volume of 47,650. The business’s fifty day moving average is $3.19 and its 200 day moving average is $3.70. NetSol Technologies has a 52 week low of $2.14 and a 52 week high of $5.75. The company has a market capitalization of $41.61 million, a PE ratio of 22.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.32 and a quick ratio of 2.32.
Analyst Ratings Changes
A number of brokerages have recently commented on NTWK. Wall Street Zen lowered NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings upgraded NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NetSol Technologies currently has an average rating of “Hold”.
Read Our Latest Report on NetSol Technologies
Hedge Funds Weigh In On NetSol Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of NTWK. Geode Capital Management LLC raised its stake in NetSol Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after buying an additional 3,890 shares during the period. Empowered Funds LLC increased its holdings 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 during the last quarter. Bridgeway Capital Management LLC raised its stake in NetSol Technologies by 10.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock valued at $197,000 after acquiring an additional 6,051 shares during the period. Global Retirement Partners LLC bought a new stake in NetSol Technologies in the 3rd quarter valued at $41,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in NetSol Technologies during the 3rd quarter valued at $37,000. Institutional investors own 16.02% of the company’s stock.
NetSol Technologies Company Profile
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.