NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies, Inc. (NASDAQ:NTWK) saw a large drop in short interest during 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 23,800 shares, the days-to-cover ratio is currently 0.8 days.

NetSol Technologies Stock Performance

NASDAQ NTWK traded up $0.09 on Friday, hitting $2.69. 20,424 shares of the company’s stock were exchanged, compared to its average volume of 20,763. The firm has a market cap of $30.88 million, a price-to-earnings ratio of 38.43 and a beta of 1.06. The firm’s 50-day moving average price is $2.67 and its two-hundred day moving average price is $2.79. NetSol Technologies has a fifty-two week low of $2.06 and a fifty-two week high of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. 16.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of NetSol Technologies in a research report on Wednesday. They set a “buy” rating for the company.

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.