NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies, Inc. (NASDAQ:NTWK) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 41,700 shares, a decrease of 23.3% from the April 30th total of 54,400 shares. Based on an average daily volume of 19,800 shares, the short-interest ratio is presently 2.1 days. Approximately 0.5% of the company’s shares are short sold.

NetSol Technologies Stock Performance

NTWK stock opened at $2.82 on Wednesday. NetSol Technologies has a fifty-two week low of $2.14 and a fifty-two week high of $3.34. The business’s 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.56. The company has a market capitalization of $33.02 million, a price-to-earnings ratio of -40.28 and a beta of 1.06.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Wednesday, May 14th. The software maker reported $0.12 earnings per share for the quarter. The firm had revenue of $17.54 million for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%.

Institutional Trading of NetSol Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in NTWK. Perritt Capital Management Inc grew its stake in shares of NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after buying an additional 29,361 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after buying an additional 4,199 shares during the last quarter. Topline Capital Management LLC purchased a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $1,351,000. Squarepoint Ops LLC purchased a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $28,000. Finally, Wolverine Trading LLC grew its stake in shares of NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after buying an additional 28,083 shares during the last quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on NetSol Technologies in a report on Wednesday, May 21st. They set a “buy” rating on the stock.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.