NetClass Technology Inc (NASDAQ:NTCL) Stock Short Interest Jumps 132.3%

NetClass Technology Inc (NASDAQ:NTCL) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 19,929 shares, an increase of 132.3% from the September 30th total of 8,578 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,734,568 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTCL. Weiss Ratings reissued a “sell (e+)” rating on shares of NetClass Technology in a report on Thursday, October 15th. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, NetClass Technology presently has a consensus rating of “Sell”.

NetClass Technology Stock Down 30.2%

NetClass Technology stock traded down $0.16 during midday trading on Friday, hitting $0.38. 158,942 shares of the company’s stock were exchanged, compared to its average volume of 162,037. The stock has a 50-day moving average price of $1.70 and a two-hundred day moving average price of $14.96. NetClass Technology has a 52-week low of $0.34 and a 52-week high of $155.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92.

NetClass Technology’s stock is set to reverse split before the market opens on Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 19th.

NetClass Technology Company Profile

NetClass Technology Inc is an education technology company that provides digital solutions and services for educational institutions. Its offerings are designed to support the management, delivery and administration of education through technology-enabled platforms and related services.

The company’s business includes education software, online learning and digital education resources, as well as technology services for schools and other education organizations. Its solutions may support areas such as campus administration, instructional delivery, educational content and the digitization of school operations.

NetClass Technology serves customers in China through its education technology operations.