NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Up 31.5% in February

NetSol Technologies, Inc. (NASDAQ:NTWK) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 14,600 shares, a growth of 31.5% from the January 31st total of 11,100 shares. Based on an average daily trading volume, of 26,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

NetSol Technologies Price Performance

Shares of NetSol Technologies stock traded down $0.01 during trading on Tuesday, reaching $2.46. 24,149 shares of the stock traded hands, compared to its average volume of 27,206. The company has a market capitalization of $28.71 million, a price-to-earnings ratio of -35.14 and a beta of 1.07. The business has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.75. NetSol Technologies has a 52-week low of $2.28 and a 52-week 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. The firm had revenue of $15.54 million for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on NetSol Technologies in a research note on Sunday. They issued a “buy” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in shares of NetSol Technologies in the 4th quarter valued at about $28,000. Wolverine Trading LLC lifted its holdings in shares of NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after acquiring an additional 28,083 shares during 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. Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after acquiring an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after acquiring an additional 4,199 shares during the last quarter. Institutional investors own 16.02% of the company’s stock.

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.