NetClass Technology Inc (NASDAQ:NTCL) Short Interest Update

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 260,774 shares, a growth of 1,159.8% from the November 30th total of 20,700 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 957,077 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 957,077 shares, the short-interest ratio is currently 0.3 days. Approximately 1.4% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NetClass Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

NetClass Technology Price Performance

Shares of NASDAQ NTCL traded down $0.00 during trading hours on Wednesday, hitting $0.60. The company’s stock had a trading volume of 21,700 shares, compared to its average volume of 575,381. The company has a quick ratio of 2.13, a current ratio of 2.18 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $1.06 and a 200-day simple moving average of $1.47. NetClass Technology has a 12 month low of $0.60 and a 12 month high of $51.80.

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 shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

About NetClass Technology

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.