NetSol Technologies Inc. (NASDAQ:NTWK) Short Interest Down 36.4% in May

NetSol Technologies Inc. (NASDAQ:NTWK) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 12,065 shares, a drop of 36.4% from the April 30th total of 18,958 shares. Based on an average trading volume of 69,066 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of NetSol Technologies

A number of hedge funds have recently made changes to their positions in NTWK. Hillsdale Investment Management Inc. purchased a new stake in shares of NetSol Technologies in the third quarter worth approximately $37,000. Thompson Davis & CO. Inc. purchased a new stake in shares of NetSol Technologies in the third quarter worth approximately $54,000. XTX Topco Ltd acquired a new position in NetSol Technologies in the fourth quarter worth approximately $58,000. IFP Advisors Inc raised its position in NetSol Technologies by 33,588.0% during the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in NetSol Technologies during the fourth quarter valued at approximately $82,000. 16.02% of the stock is owned by hedge funds and other institutional investors.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $4.62 on Wednesday. NetSol Technologies has a twelve month low of $2.73 and a twelve month high of $5.75. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $3.77 and a 200-day moving average of $3.39. The firm has a market cap of $54.87 million, a price-to-earnings ratio of 30.80 and a beta of 0.92.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%. The company had revenue of $19.83 million during the quarter, compared to analyst estimates of $15.10 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.