NetSol Technologies, Inc. (NASDAQ:NTWK) Sees Significant Decrease in Short Interest

NetSol Technologies, Inc. (NASDAQ:NTWK) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 11,100 shares, a drop of 44.2% from the January 15th total of 19,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 24,500 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc raised its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 142.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the software maker’s stock after acquiring an additional 29,361 shares during the period. Perritt Capital Management Inc owned 0.44% of NetSol Technologies worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 16.02% of the company’s stock.

NetSol Technologies Stock Down 5.2 %

Shares of NTWK traded down $0.14 during midday trading on Thursday, reaching $2.55. 32,408 shares of the stock were exchanged, compared to its average volume of 23,061. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $2.67 and its two-hundred day moving average is $2.77. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The company has a market capitalization of $29.26 million, a P/E ratio of 36.43 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of NetSol Technologies in a report on Thursday, February 6th. They set a “buy” rating for the company.

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.