NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Down 15.0% in January

NetSol Technologies, Inc. (NASDAQ:NTWK) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 19,900 shares, a decrease of 15.0% from the December 31st total of 23,400 shares. Based on an average trading volume of 23,800 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC increased its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the quarter. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

NetSol Technologies Stock Up 3.5 %

Shares of NASDAQ NTWK traded up $0.09 during mid-day trading on Friday, reaching $2.69. 20,424 shares of the company’s stock traded hands, compared to its average volume of 20,763. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The business has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.79. The stock has a market cap of $30.88 million, a P/E ratio of 38.43 and a beta of 1.06. NetSol Technologies has a 1-year low of $2.06 and a 1-year high of $3.34.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on NetSol Technologies in a research note on Wednesday. They set a “buy” rating on the stock.

NetSol Technologies Company Profile

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.