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

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 7,800 shares, a decline of 46.6% from the February 13th total of 14,600 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on NetSol Technologies in a research note on Monday. They set a “buy” rating on the stock.

Institutional Trading of NetSol Technologies

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of NetSol Technologies by 7.6% in the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after buying an additional 5,882 shares during the last quarter. Squarepoint Ops LLC purchased a new position in NetSol Technologies during the fourth quarter worth approximately $28,000. Wolverine Trading LLC boosted its position in NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NetSol Technologies by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after purchasing an additional 4,199 shares in the last quarter. Finally, Topline Capital Management LLC purchased a new position in NetSol Technologies during the fourth quarter worth approximately $1,351,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Price Performance

Shares of NetSol Technologies stock traded up $0.03 on Friday, reaching $2.38. The company had a trading volume of 2,374 shares, compared to its average volume of 23,297. The firm’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $2.74. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The firm has a market cap of $27.72 million, a price-to-earnings ratio of -33.71 and a beta of 1.01.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. The firm had revenue of $15.54 million during the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

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.