NetSol Technologies Inc. (NASDAQ:NTWK) Sees Significant Increase in Short Interest

NetSol Technologies Inc. (NASDAQ:NTWKGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 24,382 shares, a growth of 102.1% from the May 14th total of 12,065 shares. Based on an average daily volume of 38,974 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

NetSol Technologies Trading Up 1.1%

NetSol Technologies stock opened at $4.52 on Friday. NetSol Technologies has a 52 week low of $2.73 and a 52 week high of $5.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $53.70 million, a P/E ratio of 30.14 and a beta of 0.92. The stock has a 50-day simple moving average of $3.96 and a 200 day simple moving average of $3.48.

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

Institutional Investors Weigh In On NetSol Technologies

Hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. acquired a new stake in NetSol Technologies during the third quarter worth approximately $37,000. XTX Topco Ltd acquired a new stake in NetSol Technologies during the fourth quarter worth approximately $58,000. IFP Advisors Inc lifted its position in NetSol Technologies by 33,588.0% during the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock worth $80,000 after acquiring an additional 16,794 shares during the last quarter. Jane Street Group LLC acquired a new stake in NetSol Technologies during the fourth quarter worth approximately $82,000. Finally, Bridgeway Capital Management LLC lifted its position in NetSol Technologies by 9.9% during the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after acquiring an additional 4,816 shares during the last quarter. 16.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on NetSol Technologies

About NetSol Technologies

(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.

Read More

Receive News & Ratings for NetSol Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetSol Technologies and related companies with MarketBeat.com's FREE daily email newsletter.