NetClass Technology Inc (NASDAQ:NTCL) Short Interest Up 88.7% in July

NetClass Technology Inc (NASDAQ:NTCL) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 24,317 shares, an increase of 88.7% from the July 15th total of 12,885 shares. Based on an average trading volume of 71,849 shares, the short-interest ratio is presently 0.3 days. Currently, 2.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTCL. Wall Street Zen upgraded NetClass Technology from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded NetClass Technology from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On NetClass Technology

A hedge fund recently bought a new stake in NetClass Technology stock. Engineers Gate Manager LP bought a new stake in shares of NetClass Technology Inc (NASDAQ:NTCL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology at the end of the most recent reporting period.

NetClass Technology Trading Down 7.3%

NASDAQ NTCL traded down $0.19 during trading on Monday, reaching $2.43. The company’s stock had a trading volume of 274,215 shares, compared to its average volume of 79,812. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average price of $12.94 and a 200-day moving average price of $19.43. NetClass Technology has a 1-year low of $2.35 and a 1-year high of $155.00.

NetClass Technology (NASDAQ:NTCL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported ($6.35) EPS for the quarter. The firm had revenue of $3.18 million for the quarter.

NetClass Technology Company Profile

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.