Short Interest in NetClass Technology Inc (NASDAQ:NTCL) Declines By 95.1%

NetClass Technology Inc (NASDAQ:NTCL) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 12,744 shares, a decline of 95.1% from the December 15th total of 260,774 shares. Based on an average daily trading volume, of 132,640 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 132,640 shares, the short-interest ratio is presently 0.1 days.

NetClass Technology Trading Down 4.8%

NetClass Technology stock traded down $0.02 during mid-day trading on Monday, hitting $0.44. The company’s stock had a trading volume of 98,614 shares, compared to its average volume of 3,172,085. NetClass Technology has a twelve month low of $0.34 and a twelve month high of $51.80. The stock’s fifty day moving average price is $0.86 and its two-hundred day moving average price is $1.33.

Institutional Investors Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NetClass Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About NetClass Technology

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.