NetSol Technologies, Inc. (NASDAQ:NTWK – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 7,800 shares, a drop of 46.6% from the February 13th total of 14,600 shares. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.
NetSol Technologies Trading Down 1.3 %
NTWK traded down $0.03 during trading on Friday, reaching $2.32. The stock had a trading volume of 24,120 shares, compared to its average volume of 23,434. The company has a market capitalization of $27.07 million, a price-to-earnings ratio of -33.14 and a beta of 1.01. The stock’s 50 day moving average is $2.57 and its two-hundred day moving average is $2.73. NetSol Technologies has a one year low of $2.28 and a one year high of $3.34.
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The business had revenue of $15.54 million during the quarter.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on NetSol Technologies in a report on Monday, March 10th. They set a “buy” rating on the stock.
Check Out Our Latest Stock Report on NetSol Technologies
About NetSol Technologies
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.
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