NetSol Technologies, Inc. (NASDAQ:NTWK) Short Interest Update

NetSol Technologies, Inc. (NASDAQ:NTWK) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 7,800 shares, a decrease of 46.6% from the February 13th total of 14,600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on NetSol Technologies in a research note on Monday. They set a “buy” rating for the company.

NetSol Technologies Stock Performance

Shares of NetSol Technologies stock traded up $0.03 during midday trading on Friday, reaching $2.38. 2,374 shares of the company’s stock traded hands, compared to its average volume of 23,297. The company has a market cap of $27.72 million, a PE ratio of -33.71 and a beta of 1.01. The stock has a 50 day moving average of $2.57 and a 200-day moving average of $2.74. NetSol Technologies has a 12 month low of $2.28 and a 12 month high of $3.34.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NTWK. Squarepoint Ops LLC purchased a new position in NetSol Technologies in the fourth quarter worth about $28,000. Wolverine Trading LLC lifted its position in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares in the last quarter. Perritt Capital Management Inc lifted its position in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares in the last quarter. Geode Capital Management LLC lifted 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. Finally, Dimensional Fund Advisors LP lifted 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. 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.