NetClass Technology Inc (NASDAQ:NTCL) Short Interest Up 624.0% in January

NetClass Technology Inc (NASDAQ:NTCL) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 92,272 shares, an increase of 624.0% from the December 31st total of 12,744 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 5,628,893 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 5,628,893 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NetClass Technology in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

NetClass Technology Price Performance

NetClass Technology stock traded down $0.02 during trading on Tuesday, hitting $0.41. The stock had a trading volume of 246,027 shares, compared to its average volume of 5,309,324. The stock’s 50 day moving average is $0.71 and its two-hundred day moving average is $1.25. NetClass Technology has a 1 year low of $0.34 and a 1 year high of $51.80.

Institutional Trading of NetClass Technology

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

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.