NetClass Technology Inc (NASDAQ:NTCL) Stock Short Interest Report for October

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 19,929 shares, an increase of 132.3% from the September 30th total of 8,578 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 1,734,568 shares, the short-interest ratio is presently 0.0 days.

NetClass Technology Stock Performance

NASDAQ:NTCL traded down $0.16 during trading hours on Friday, reaching $0.38. The stock had a trading volume of 158,942 shares, compared to its average volume of 162,037. NetClass Technology has a 12-month low of $0.34 and a 12-month high of $155.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day simple moving average of $1.70 and a 200 day simple moving average of $14.96.

NetClass Technology shares are scheduled to reverse split on Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 19th.

Analyst Ratings Changes

Several research firms recently commented on NTCL. Weiss Ratings reiterated a “sell (e+)” rating on shares of NetClass Technology in a research report on Thursday, October 15th. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

About NetClass Technology

NetClass Technology Inc is an education technology company that provides digital solutions and services for educational institutions. Its offerings are designed to support the management, delivery and administration of education through technology-enabled platforms and related services.

The company’s business includes education software, online learning and digital education resources, as well as technology services for schools and other education organizations. Its solutions may support areas such as campus administration, instructional delivery, educational content and the digitization of school operations.

NetClass Technology serves customers in China through its education technology operations.