NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies Inc. (NASDAQ:NTWK) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 17,135 shares, a decline of 66.5% from the January 29th total of 51,222 shares. Based on an average trading volume of 62,997 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 62,997 shares, the days-to-cover ratio is presently 0.3 days.

NetSol Technologies Price Performance

Shares of NASDAQ NTWK traded up $0.16 during mid-day trading on Friday, reaching $3.52. 65,547 shares of the company traded hands, compared to its average volume of 47,650. NetSol Technologies has a fifty-two week low of $2.14 and a fifty-two week high of $5.75. The firm has a market cap of $41.61 million, a PE ratio of 22.00 and a beta of 0.87. The stock has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $3.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.32 and a quick ratio of 2.32.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Evernest Financial Advisors LLC bought a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $419,000. Mink Brook Asset Management LLC acquired a new position in NetSol Technologies in the fourth quarter worth approximately $331,000. Rothschild Wealth LLC bought a new position in shares of NetSol Technologies in the fourth quarter valued at $303,000. Jane Street Group LLC acquired a new stake in shares of NetSol Technologies during the 4th quarter valued at $82,000. Finally, XTX Topco Ltd bought a new stake in shares of NetSol Technologies during the 4th quarter worth $58,000. 16.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings upgraded NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of NetSol Technologies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.