NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 23,100 shares, an increase of 192.4% from the March 15th total of 7,900 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,700 shares, the short-interest ratio is presently 1.1 days.

NetSol Technologies Stock Performance

NASDAQ:NTWK traded down $0.02 during trading hours on Thursday, reaching $2.44. The stock had a trading volume of 18,336 shares, compared to its average volume of 22,519. The stock has a market capitalization of $28.42 million, a PE ratio of -34.78 and a beta of 0.89. NetSol Technologies has a 52 week low of $2.14 and a 52 week high of $3.34. The company has a 50 day moving average price of $2.41 and a two-hundred day moving average price of $2.67.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The company had revenue of $15.54 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of NetSol Technologies in a report on Friday, April 11th. They issued a “buy” rating on the stock.

Institutional Trading of NetSol Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after acquiring an additional 5,882 shares during the last quarter. Perritt Capital Management Inc raised its position in NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares in the last quarter. Squarepoint Ops LLC acquired a new position in NetSol Technologies in the fourth quarter valued at approximately $28,000. Wolverine Trading LLC boosted its position in NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after purchasing an additional 4,199 shares in the last quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.