Short Interest in NetSol Technologies Inc. (NASDAQ:NTWK) Decreases By 17.7%

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 73,210 shares, a decrease of 17.7% from the December 15th total of 88,987 shares. Based on an average daily trading volume, of 42,665 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 42,665 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On NetSol Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. acquired a new position in shares of NetSol Technologies in the 3rd quarter worth approximately $37,000. Global Retirement Partners LLC bought a new stake in NetSol Technologies during the third quarter worth approximately $41,000. Thompson Davis & CO. Inc. acquired a new position in NetSol Technologies in the third quarter worth approximately $54,000. PFG Investments LLC bought a new position in shares of NetSol Technologies in the second quarter valued at $78,000. Finally, IFP Advisors Inc lifted its position in shares of NetSol Technologies by 33,588.0% during the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares during the last quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

NetSol Technologies Stock Down 4.7%

Shares of NTWK stock opened at $3.03 on Wednesday. NetSol Technologies has a 1 year low of $2.14 and a 1 year high of $5.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.15 and a current ratio of 2.15. The business’s fifty day moving average is $3.01 and its 200-day moving average is $3.83. The stock has a market cap of $35.75 million, a PE ratio of 75.77 and a beta of 0.84.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NTWK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of NetSol Technologies in a research note on Monday, December 29th. Wall Street Zen downgraded shares of NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.