Short Interest in Netcapital Inc. (NASDAQ:NCPL) Rises By 318.3%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 465,820 shares, a growth of 318.3% from the December 31st total of 111,347 shares. Currently, 7.1% of the company’s shares are short sold. Based on an average daily volume of 3,748,641 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 3,748,641 shares, the short-interest ratio is currently 0.1 days. Currently, 7.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC increased its position in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,574 shares of the company’s stock after purchasing an additional 3,704 shares during the quarter. Geode Capital Management LLC owned 0.40% of Netcapital worth $107,000 as of its most recent SEC filing. Institutional investors own 30.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Netcapital in a report on Friday, October 31st. Wall Street Zen lowered shares of Netcapital to a “strong sell” rating in a report on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Netcapital Stock Performance

NCPL stock traded down $0.01 during trading on Wednesday, reaching $0.76. 317,353 shares of the company traded hands, compared to its average volume of 2,295,100. The business has a 50 day simple moving average of $0.85 and a 200 day simple moving average of $1.88. Netcapital has a 12 month low of $0.61 and a 12 month high of $8.75. The company has a market capitalization of $5.21 million, a price-to-earnings ratio of -0.05 and a beta of 0.91.

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

About Netcapital

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.