NetClass Technology Inc (NASDAQ:NTCL) Short Interest Up 88.7% in July

NetClass Technology Inc (NASDAQ:NTCL) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 24,317 shares, a growth of 88.7% from the July 15th total of 12,885 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 71,849 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

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

NetClass Technology Stock Down 11.8%

Shares of NASDAQ:NTCL traded down $0.35 during mid-day trading on Friday, hitting $2.62. The stock had a trading volume of 74,222 shares, compared to its average volume of 63,081. The company’s 50 day moving average is $12.94 and its 200-day moving average is $19.44. NetClass Technology has a 12-month low of $2.35 and a 12-month high of $155.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NTCL shares. Weiss Ratings lowered 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, July 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus 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.