NetClass Technology Inc (NASDAQ:NTCL) Sees Significant Decrease in Short Interest

NetClass Technology Inc (NASDAQ:NTCL) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 6,540 shares, a drop of 67.2% from the October 15th total of 19,929 shares. Based on an average daily trading volume, of 66,929 shares, the short-interest ratio is currently 0.1 days. Currently, 0.5% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

NTCL has been the topic of a number of recent analyst reports. Wall Street Zen raised NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of NetClass Technology in a research note on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, NetClass Technology has a consensus rating of “Sell”.

NetClass Technology Trading Down 3.6%

NTCL stock traded down $0.01 during trading hours on Friday, hitting $0.20. 361,374 shares of the stock were exchanged, compared to its average volume of 1,255,341. NetClass Technology has a 12 month low of $0.18 and a 12 month high of $155.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $1.30 and a two-hundred day simple moving average of $13.91.

Shares of NetClass Technology are set to reverse split on the morning of Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 19th.

About NetClass Technology

NetClass Technology Inc. is an education technology company that provides digital solutions and services for educational institutions. Its offerings are designed to support the management, delivery and administration of education through technology-enabled platforms and related services. The company’s business includes education software, online learning and digital education resources, as well as technology services for schools and other education organizations. Its solutions may support areas such as campus administration, instructional delivery, educational content and the digitization of school operations.