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

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 87,603 shares, a decrease of 43.2% from the February 26th total of 154,271 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 201,226 shares, the short-interest ratio is currently 0.4 days.

Netcapital Price Performance

NASDAQ:NCPL traded down $0.03 during mid-day trading on Friday, hitting $0.35. The company’s stock had a trading volume of 90,276 shares, compared to its average volume of 260,739. The business’s fifty day moving average is $0.56 and its two-hundred day moving average is $1.24. The stock has a market cap of $2.75 million, a price-to-earnings ratio of -0.02 and a beta of 0.97. Netcapital has a 1 year low of $0.34 and a 1 year high of $8.75.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The company had revenue of $0.51 million for the quarter, compared to analysts’ expectations of $1.87 million. Netcapital had a negative net margin of 3,806.77% and a negative return on equity of 40.53%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NCPL. Wall Street Zen downgraded Netcapital to a “strong sell” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netcapital in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

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.