NetClass Technology Inc (NASDAQ:NTCL) Sees Significant Decrease in Short Interest

NetClass Technology Inc (NASDAQ:NTCL – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 6,540 shares, a decline of 67.2% from the October 15th total of 19,929 shares. Based on an average daily trading volume, of 66,929 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are sold short.

Analysts Set New Price Targets

NTCL has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Research Report on NTCL

NetClass Technology Trading Down 3.6%

Shares of NTCL traded down $0.01 during midday trading on Friday, reaching $0.20. The stock had a trading volume of 361,374 shares, compared to its average volume of 1,255,341. The firm has a 50 day simple moving average of $1.30 and a 200-day simple moving average of $13.91. NetClass Technology has a one year low of $0.18 and a one year high of $155.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92.

Shares of NetClass Technology are going to reverse split on the morning of Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 19th.

NetClass Technology Company Profile

(Get Free Report)

NetClass Technology Inc. is an education technology company that provides digital solutions and services for educational institutions. Its offerings are designed to support the management, delivery and administration of education through technology-enabled platforms and related services. The company’s business includes education software, online learning and digital education resources, as well as technology services for schools and other education organizations. Its solutions may support areas such as campus administration, instructional delivery, educational content and the digitization of school operations.

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