Short Interest in NetSol Technologies, Inc. (NASDAQ:NTWK) Decreases By 16.2%

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 17,100 shares, a decrease of 16.2% from the June 30th total of 20,400 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of NetSol Technologies in a research note on Monday. They set a “buy” rating for the company.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. increased its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 16.02% of the stock is owned by institutional investors.

NetSol Technologies Stock Up 1.4 %

Shares of NASDAQ:NTWK opened at $2.93 on Monday. The company has a 50-day moving average price of $2.67 and a 200-day moving average price of $2.64. NetSol Technologies has a 12 month low of $1.72 and a 12 month high of $3.10.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, May 20th. The software maker reported $0.03 earnings per share (EPS) for the quarter. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%. The company had revenue of $15.47 million during the quarter.

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.