NetClass Technology Inc (NASDAQ:NTCL) Short Interest Down 72.1% in August

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 6,779 shares, a decline of 72.1% from the July 30th total of 24,317 shares. Based on an average daily volume of 47,689 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP bought a new stake in NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology as of its most recent filing with the Securities and Exchange Commission.

NetClass Technology Trading Down 0.8%

NASDAQ NTCL traded down $0.02 on Friday, reaching $2.40. The company had a trading volume of 11,196 shares, compared to its average volume of 61,712. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. NetClass Technology has a 1-year low of $2.28 and a 1-year high of $155.00. The company’s fifty day moving average is $3.78 and its 200-day moving average is $18.25.

NetClass Technology (NASDAQ:NTCL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported ($6.35) earnings per share (EPS) for the quarter. The business had revenue of $3.18 million during the quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NTCL. Weiss Ratings cut NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

NetClass Technology Company Profile

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.