Short Interest in NetClass Technology Inc (NASDAQ:NTCL) Declines By 95.1%

NetClass Technology Inc (NASDAQ:NTCL) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,744 shares, a decrease of 95.1% from the December 15th total of 260,774 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 132,640 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 132,640 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

NetClass Technology Stock Down 4.8%

Shares of NetClass Technology stock traded down $0.02 during trading on Monday, hitting $0.44. 98,614 shares of the stock traded hands, compared to its average volume of 3,172,085. The company has a fifty day moving average price of $0.86 and a two-hundred day moving average price of $1.33. NetClass Technology has a twelve month low of $0.34 and a twelve month high of $51.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, NetClass Technology has a consensus rating of “Sell”.

Institutional Trading of NetClass Technology

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

About NetClass Technology

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.