NetClass Technology Inc (NASDAQ:NTCL) Sees Significant Decline in Short Interest

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 152,811 shares, a decline of 26.7% from the March 15th total of 208,473 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 553,607 shares, the short-interest ratio is currently 0.3 days.

NetClass Technology Stock Down 5.2%

NASDAQ NTCL traded down $0.03 on Thursday, hitting $0.47. 98,384 shares of the company’s stock were exchanged, compared to its average volume of 181,137. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.29. The firm’s 50-day moving average price is $0.37 and its two-hundred day moving average price is $0.71. NetClass Technology has a fifty-two week low of $0.22 and a fifty-two week high of $51.80.

NetClass Technology (NASDAQ:NTCL) last released its earnings results on Saturday, January 31st. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $3.08 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NetClass Technology in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NetClass Technology has an average rating of “Sell”.

Hedge Funds Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP bought a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned 0.19% of NetClass Technology at the end of the most recent quarter.

About NetClass Technology

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.