NetClass Technology Inc (NASDAQ:NTCL) Stock Short Interest Climbs 132.3%

NetClass Technology Inc (NASDAQ:NTCL) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 19,929 shares, an increase of 132.3% from the September 30th total of 8,578 shares. Based on an average daily trading volume, of 1,734,568 shares, the short-interest ratio is presently 0.0 days. Approximately 1.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

NetClass Technology Price Performance

NASDAQ:NTCL opened at $0.40 on Friday. NetClass Technology has a 12-month low of $0.34 and a 12-month high of $155.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $1.66 and a 200 day moving average price of $14.86.

Shares of NetClass Technology are scheduled to reverse split before the market opens on Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell 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.

NetClass Technology serves customers in China through its education technology operations.