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

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

Institutional Trading of NetSol Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC raised its stake in shares of NetSol Technologies by 184.8% during the fourth 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 in the last quarter. Squarepoint Ops LLC bought a new stake in shares of NetSol Technologies during the fourth quarter valued at approximately $28,000. Topline Capital Management LLC bought a new stake in shares of NetSol Technologies during the fourth quarter valued at approximately $1,351,000. Dimensional Fund Advisors LP raised its stake in shares of NetSol Technologies by 4.0% during the fourth 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 in the last quarter. Finally, Perritt Capital Management Inc raised its stake in shares of NetSol Technologies by 142.3% during the fourth 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 in the last quarter. Institutional investors own 16.02% of the company’s stock.

NetSol Technologies Stock Performance

NASDAQ NTWK traded down $0.01 during trading on Tuesday, hitting $2.46. The stock had a trading volume of 24,149 shares, compared to its average volume of 27,206. The stock has a market capitalization of $28.71 million, a price-to-earnings ratio of -35.14 and a beta of 1.07. NetSol Technologies has a one year low of $2.28 and a one year high of $3.34. The stock has a 50 day simple moving average of $2.61 and a 200 day simple moving average of $2.75.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results 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 company had revenue of $15.54 million for the quarter.

Wall Street Analyst Weigh In

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

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.