Netcapital Inc. (NASDAQ:NCPL) Sees Significant Growth in Short Interest

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 639,831 shares, an increase of 267.5% from the November 30th total of 174,086 shares. Based on an average daily volume of 29,277,553 shares, the days-to-cover ratio is presently 0.0 days. Approximately 9.8% of the shares of the company are short sold. Approximately 9.8% of the shares of the company are short sold. Based on an average daily volume of 29,277,553 shares, the days-to-cover ratio is presently 0.0 days.

Netcapital Stock Down 2.6%

Shares of NCPL traded down $0.02 during trading on Friday, reaching $0.77. 260,728 shares of the company traded hands, compared to its average volume of 16,458,984. The stock has a market cap of $5.27 million, a PE ratio of -0.05 and a beta of 0.87. The stock has a 50-day simple moving average of $1.45 and a 200-day simple moving average of $2.61. Netcapital has a twelve month low of $0.62 and a twelve month high of $8.75.

Netcapital (NASDAQ:NCPL) last announced its earnings results on Monday, December 15th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.14). The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $1.76 million. Netcapital had a negative net margin of 3,674.94% and a negative return on equity of 39.85%.

Institutional Trading of Netcapital

An institutional investor recently bought a new position in Netcapital stock. Jane Street Group LLC acquired a new position in shares of Netcapital Inc. (NASDAQ:NCPL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned about 0.31% of Netcapital as of its most recent SEC filing. 30.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Netcapital in a research note on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Netcapital Company Profile

Netcapital Inc operates an SEC-registered online capital–raising platform that connects emerging companies with a broad base of individual and institutional investors. Through its web-based portal, Netcapital enables issuers to conduct equity offerings under Regulation CF, Regulation A+ and Regulation D, providing a streamlined process for startups and growth-stage businesses seeking to access private capital markets. The company’s platform incorporates digital subscription, investor accreditation checks and regulatory compliance tools designed to simplify deal execution for both issuers and backers.

For entrepreneurs and small-business owners, Netcapital offers end-to-end support that includes deal structuring, compliance workflow, and marketing assistance.