NetClass Technology Inc (NASDAQ:NTCL) Short Interest Down 65.9% in June

NetClass Technology Inc (NASDAQ:NTCL) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 689,185 shares, a decrease 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 short-interest ratio is presently 0.2 days. Approximately 57.4% of the shares of the company are short sold.

NetClass Technology Price Performance

Shares of NASDAQ:NTCL traded up $0.17 during trading hours on Wednesday, hitting $4.17. The stock had a trading volume of 67,343 shares, compared to its average volume of 81,352. The stock’s fifty day simple moving average is $27.92 and its 200 day simple moving average is $22.58. NetClass Technology has a 1-year low of $3.46 and a 1-year high of $155.00.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTCL. Wall Street Zen cut shares of NetClass Technology to a “strong sell” rating in a report on Sunday. Weiss Ratings raised NetClass Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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.