NetClass Technology Inc (NASDAQ:NTCL) Short Interest Up 88.7% in July

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 24,317 shares, a growth of 88.7% from the July 15th total of 12,885 shares. Based on an average trading volume of 71,849 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Investors Weigh In On NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology at the end of the most recent reporting period.

NetClass Technology Price Performance

Shares of NASDAQ NTCL traded down $0.35 during mid-day trading on Friday, reaching $2.62. The company had a trading volume of 74,222 shares, compared to its average volume of 63,081. NetClass Technology has a twelve month low of $2.35 and a twelve month high of $155.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $12.94 and its 200-day moving average is $19.44.

NetClass Technology (NASDAQ:NTCL) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported ($6.35) earnings per share (EPS) for the quarter. The company had revenue of $3.18 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NTCL shares. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings cut shares of NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

NetClass Technology Company Profile

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.