Short Interest in NetSol Technologies, Inc. (NASDAQ:NTWK) Declines By 46.6%

NetSol Technologies, Inc. (NASDAQ:NTWK) was the target of a significant 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. Based on an average trading volume of 25,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

NetSol Technologies Stock Performance

NTWK traded down $0.03 during trading on Friday, reaching $2.32. 24,120 shares of the company traded hands, compared to its average volume of 23,434. The company has a market cap of $27.07 million, a P/E ratio of -33.14 and a beta of 1.01. The firm has a fifty day simple moving average of $2.57 and a 200 day simple moving average of $2.73. NetSol Technologies has a 12-month low of $2.28 and a 12-month high of $3.34.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on NetSol Technologies in a research report on Monday, March 10th. They set a “buy” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NTWK. Topline Capital Management LLC bought a new position in NetSol Technologies during the fourth quarter valued at $1,351,000. Dimensional Fund Advisors LP raised its position in shares of NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after buying an additional 4,199 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after buying an additional 5,882 shares in the last quarter. Perritt Capital Management Inc lifted its holdings in shares of NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares during the last quarter. Finally, Wolverine Trading LLC grew its position in NetSol Technologies by 184.8% in the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after acquiring an additional 28,083 shares in the last quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

About NetSol Technologies

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.