Short Interest in NetSol Technologies Inc. (NASDAQ:NTWK) Decreases By 39.3%

NetSol Technologies Inc. (NASDAQ:NTWK) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 14,588 shares, a decrease of 39.3% from the July 30th total of 24,017 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 17,318 shares, the days-to-cover ratio is currently 0.8 days.

NetSol Technologies Stock Up 1.1%

NetSol Technologies stock traded up $0.04 during midday trading on Wednesday, hitting $4.13. 4,591 shares of the stock were exchanged, compared to its average volume of 31,010. NetSol Technologies has a 52-week low of $2.73 and a 52-week high of $5.75. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $4.32 and its 200-day moving average price is $3.98. The stock has a market capitalization of $49.12 million, a price-to-earnings ratio of 27.57 and a beta of 0.93.

Hedge Funds Weigh In On NetSol Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evernest Financial Advisors LLC purchased a new position in shares of NetSol Technologies in the 4th quarter worth about $419,000. Empowered Funds LLC raised its holdings in shares of NetSol Technologies by 9.0% during the first quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock valued at $231,000 after acquiring an additional 5,624 shares in the last quarter. Jane Street Group LLC purchased a new stake in NetSol Technologies in the fourth quarter worth $82,000. Bridgeway Capital Management LLC boosted its holdings in NetSol Technologies by 9.9% in the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after acquiring an additional 4,816 shares in the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in NetSol Technologies in the fourth quarter valued at $331,000. Institutional investors own 16.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About NetSol Technologies

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.