NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 36.4% in May

NetSol Technologies Inc. (NASDAQ:NTWKGet Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 12,065 shares, a decrease of 36.4% from the April 30th total of 18,958 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 69,066 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NetSol Technologies has an average rating of “Hold”.

Check Out Our Latest Report on NTWK

Hedge Funds Weigh In On NetSol Technologies

Large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. bought a new position in NetSol Technologies in the 3rd quarter valued at about $37,000. Thompson Davis & CO. Inc. bought a new position in NetSol Technologies in the 3rd quarter valued at about $54,000. XTX Topco Ltd bought a new position in NetSol Technologies in the 4th quarter valued at about $58,000. IFP Advisors Inc lifted its position in NetSol Technologies by 33,588.0% in the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in NetSol Technologies in the 4th quarter valued at about $82,000. Institutional investors own 16.02% of the company’s stock.

NetSol Technologies Price Performance

NTWK stock opened at $4.66 on Thursday. The stock has a market capitalization of $55.36 million, a PE ratio of 31.07 and a beta of 0.92. The company’s 50-day moving average is $3.81 and its 200-day moving average is $3.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. NetSol Technologies has a 1 year low of $2.73 and a 1 year high of $5.75.

NetSol Technologies (NASDAQ:NTWKGet Free Report) last released its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%. The company had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $15.10 million.

NetSol Technologies Company Profile

(Get Free Report)

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.

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