Short Interest in NetClass Technology Inc (NASDAQ:NTCL) Drops By 72.1%

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 6,779 shares, a decrease of 72.1% from the July 30th total of 24,317 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,689 shares, the short-interest ratio is presently 0.1 days.

NetClass Technology Trading Up 0.2%

Shares of NTCL traded up $0.01 during mid-day trading on Thursday, reaching $2.44. The company’s stock had a trading volume of 10,977 shares, compared to its average volume of 78,044. NetClass Technology has a 1 year low of $2.28 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average of $4.03 and a 200 day moving average of $18.48.

NetClass Technology (NASDAQ:NTCL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported ($6.35) earnings per share for the quarter. The firm had revenue of $3.18 million for the quarter.

Analyst Upgrades and Downgrades

NTCL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings cut NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, NetClass Technology has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP acquired a new stake in NetClass Technology Inc (NASDAQ:NTCL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned about 0.19% of NetClass Technology at the end of the most recent quarter.

NetClass Technology Company Profile

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.