NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 12,885 shares, a decline of 98.1% from the June 30th total of 689,185 shares. Based on an average daily volume of 89,575 shares, the short-interest ratio is currently 0.1 days. Currently, 1.1% of the shares of the company are sold short.

NetClass Technology Stock Down 5.4%

NASDAQ:NTCL traded down $0.19 during mid-day trading on Friday, hitting $3.30. 22,319 shares of the company’s stock traded hands, compared to its average volume of 79,218. NetClass Technology has a twelve month low of $3.10 and a twelve month high of $155.00. The company has a fifty day moving average of $25.33 and a 200 day moving average of $21.51. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings cut shares of NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NetClass Technology presently has a consensus rating of “Sell”.

Institutional Trading of NetClass Technology

An institutional investor recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 (SEC).

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.