NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 7,800 shares, a decrease of 46.6% from the February 13th total of 14,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on NetSol Technologies in a research report on Monday, March 10th. They set a “buy” rating for the company.

NetSol Technologies Stock Performance

NetSol Technologies stock traded down $0.03 during midday trading on Friday, reaching $2.32. 24,120 shares of the company were exchanged, compared to its average volume of 23,434. The firm’s 50-day simple moving average is $2.57 and its 200-day simple moving average is $2.73. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The company has a market capitalization of $27.07 million, a price-to-earnings ratio of -33.14 and a beta of 1.01.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. The firm had revenue of $15.54 million for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%.

Institutional Trading of NetSol Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Trading LLC lifted its stake in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares during the period. Squarepoint Ops LLC purchased a new position in NetSol Technologies during the fourth quarter worth about $28,000. Topline Capital Management LLC purchased a new position in NetSol Technologies during the fourth quarter worth about $1,351,000. Dimensional Fund Advisors LP boosted its stake in NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after buying an additional 4,199 shares during the last quarter. Finally, Perritt Capital Management Inc grew its holdings in NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares during the period. 16.02% of the stock is owned by hedge funds and other institutional investors.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.