NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 13.0% in February

NetSol Technologies Inc. (NASDAQ:NTWK) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 14,911 shares, a drop of 13.0% from the February 12th total of 17,135 shares. Based on an average daily volume of 33,898 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 33,898 shares, the days-to-cover ratio is presently 0.4 days.

NetSol Technologies Trading Down 0.1%

Shares of NASDAQ:NTWK traded down $0.00 during mid-day trading on Wednesday, hitting $3.68. The company had a trading volume of 2,404 shares, compared to its average volume of 36,787. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.32 and a quick ratio of 2.32. NetSol Technologies has a one year low of $2.14 and a one year high of $5.75. The firm has a fifty day moving average price of $3.34 and a 200 day moving average price of $3.66. The company has a market capitalization of $43.45 million, a PE ratio of 22.98 and a beta of 0.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NetSol Technologies currently has an average rating of “Hold”.

Hedge Funds Weigh In On NetSol Technologies

Several institutional investors have recently made changes to their positions in NTWK. Evernest Financial Advisors LLC acquired a new stake in shares of NetSol Technologies in the 4th quarter valued at about $419,000. Mink Brook Asset Management LLC acquired a new position in NetSol Technologies during the 4th quarter worth approximately $331,000. Rothschild Wealth LLC bought a new position in NetSol Technologies in the fourth quarter worth approximately $303,000. Jane Street Group LLC acquired a new stake in NetSol Technologies in the fourth quarter valued at approximately $82,000. Finally, XTX Topco Ltd bought a new stake in shares of NetSol Technologies during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.