NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 47,500 shares, an increase of 13.1% from the August 30th total of 42,000 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,300 shares, the days-to-cover ratio is currently 2.6 days.

NTWK has been the subject of several recent analyst reports. ValuEngine upgraded NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded NetSol Technologies from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Wednesday, October 9th. Finally, TheStreet upgraded NetSol Technologies from a “c” rating to a “b-” rating in a research report on Friday, September 27th.

NetSol Technologies stock opened at $5.38 on Wednesday. NetSol Technologies has a 52 week low of $4.95 and a 52 week high of $10.52. The business has a 50-day simple moving average of $5.33 and a 200 day simple moving average of $5.99. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $61.70 million, a price-to-earnings ratio of 7.27, a PEG ratio of 0.44 and a beta of 0.64.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Monday, September 23rd. The software maker reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.11. NetSol Technologies had a return on equity of 12.55% and a net margin of 12.66%. The business had revenue of $17.29 million during the quarter, compared to analysts’ expectations of $16.40 million. On average, research analysts anticipate that NetSol Technologies will post 0.71 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in NetSol Technologies by 10.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,325 shares of the software maker’s stock worth $170,000 after purchasing an additional 2,800 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in NetSol Technologies by 39.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 64,310 shares of the software maker’s stock worth $359,000 after purchasing an additional 18,240 shares during the last quarter. Acadian Asset Management LLC lifted its stake in NetSol Technologies by 4.6% during the second quarter. Acadian Asset Management LLC now owns 94,208 shares of the software maker’s stock worth $527,000 after purchasing an additional 4,125 shares during the last quarter. Renaissance Technologies LLC lifted its stake in NetSol Technologies by 3.1% during the second quarter. Renaissance Technologies LLC now owns 504,013 shares of the software maker’s stock worth $2,817,000 after purchasing an additional 14,993 shares during the last quarter. Finally, Moab Capital Partners LLC lifted its stake in NetSol Technologies by 0.4% during the second quarter. Moab Capital Partners LLC now owns 879,885 shares of the software maker’s stock worth $4,919,000 after purchasing an additional 3,569 shares during the last quarter. Institutional investors and hedge funds own 30.42% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.

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