NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCLGet Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 689,185 shares, a drop of 65.9% from the June 15th total of 2,023,389 shares. Based on an average daily trading volume, of 3,905,846 shares, the days-to-cover ratio is currently 0.2 days. Approximately 57.4% of the shares of the company are sold short.

Institutional Investors Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP bought a new stake in NetClass Technology Inc (NASDAQ:NTCLFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned 0.19% of NetClass Technology as of its most recent SEC filing.

NetClass Technology Price Performance

NASDAQ NTCL traded down $0.30 during midday trading on Tuesday, hitting $4.00. The company had a trading volume of 21,656 shares, compared to its average volume of 81,519. The firm has a 50-day moving average price of $28.22 and a 200-day moving average price of $22.77. NetClass Technology has a twelve month low of $3.46 and a twelve month high of $155.00.

Wall Street Analyst Weigh In

Several research firms recently commented on NTCL. Wall Street Zen downgraded shares of NetClass Technology to a “strong sell” rating in a research note on Sunday. Weiss Ratings raised shares of NetClass Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Check Out Our Latest Research Report on NetClass Technology

NetClass Technology Company Profile

(Get Free Report)

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.

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