NetClass Technology Inc (NASDAQ:NTCL) Short Interest Down 72.1% in August

NetClass Technology Inc (NASDAQ:NTCL) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 6,779 shares, a decline of 72.1% from the July 30th total of 24,317 shares. Based on an average daily trading volume, of 47,689 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP acquired a new position in shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 quarter.

NetClass Technology Stock Up 0.2%

Shares of NTCL traded up $0.01 during trading hours on Thursday, reaching $2.44. 10,977 shares of the company traded hands, compared to its average volume of 78,044. The stock’s fifty day moving average is $4.03 and its 200 day moving average is $18.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. NetClass Technology has a 1-year low of $2.28 and a 1-year high of $155.00.

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

Analyst Ratings Changes

NTCL has been the topic of a number of analyst reports. Wall Street Zen raised NetClass Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings cut NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, NetClass Technology 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.