NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Down 15.0% in January

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 19,900 shares, a drop of 15.0% from the December 31st total of 23,400 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 23,800 shares, the short-interest ratio is presently 0.8 days.

NetSol Technologies Price Performance

Shares of NASDAQ:NTWK traded down $0.06 during trading on Monday, reaching $2.63. The company had a trading volume of 25,197 shares, compared to its average volume of 22,576. The firm’s fifty day moving average is $2.67 and its 200 day moving average is $2.79. The firm has a market capitalization of $30.19 million, a PE ratio of 37.57 and a beta of 1.07. NetSol Technologies has a twelve month low of $2.09 and a twelve month high of $3.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of NetSol Technologies in a research note on Wednesday, January 29th. They set a “buy” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. Institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.