NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Up 102.1% in May

NetSol Technologies Inc. (NASDAQ:NTWK) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 24,382 shares, a growth of 102.1% from the May 14th total of 12,065 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 38,974 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On NetSol Technologies

Institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. purchased a new position in shares of NetSol Technologies during the 3rd quarter valued at about $37,000. IFP Advisors Inc raised its stake 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 buying an additional 16,794 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of NetSol Technologies during the 4th quarter valued at about $58,000. Jane Street Group LLC purchased a new position in shares of NetSol Technologies during the 4th quarter valued at about $82,000. Finally, Bridgeway Capital Management LLC raised its stake in shares of NetSol Technologies by 9.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after buying an additional 4,816 shares during the last quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat, NetSol Technologies has a consensus rating of “Hold”.

NetSol Technologies Stock Performance

NetSol Technologies stock traded up $0.05 during trading hours on Monday, hitting $4.57. 1,755 shares of the stock traded hands, compared to its average volume of 35,870. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The firm’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.49. The stock has a market capitalization of $54.27 million, a price-to-earnings ratio of 30.47 and a beta of 0.92. NetSol Technologies has a 1 year low of $2.73 and a 1 year high of $5.75.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $19.83 million for the quarter, compared to the consensus estimate of $15.10 million. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.

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.