Short Interest in Netcapital Inc. (NASDAQ:NCPL) Declines By 49.7%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 234,358 shares, a drop of 49.7% from the January 15th total of 465,820 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 340,964 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 340,964 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms have commented on NCPL. Weiss Ratings restated a “sell (e+)” rating on shares of Netcapital in a research report on Wednesday, January 28th. Wall Street Zen lowered Netcapital to a “strong sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Netcapital currently has an average rating of “Sell”.

Institutional Trading of Netcapital

An institutional investor recently bought a new position in Netcapital stock. Jane Street Group LLC acquired a new stake in Netcapital Inc. (NASDAQ:NCPL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned 0.31% of Netcapital as of its most recent SEC filing. 30.69% of the stock is currently owned by institutional investors.

Netcapital Trading Down 3.1%

NCPL stock opened at $0.54 on Friday. Netcapital has a 52 week low of $0.52 and a 52 week high of $8.75. The company has a market capitalization of $4.28 million, a price-to-earnings ratio of -0.03 and a beta of 0.91. The firm’s 50-day moving average is $0.77 and its two-hundred day moving average is $1.65.

Netcapital (NASDAQ:NCPL) last posted its quarterly earnings data on Monday, December 15th. The company reported ($0.44) earnings per share (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 company had revenue of $0.05 million during the quarter, compared to the consensus estimate 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.