Short Interest in Netcapital Inc. (NASDAQ:NCPL) Drops By 43.5%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 154,271 shares, a decrease of 43.5% from the February 12th total of 273,113 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,129 shares, the short-interest ratio is presently 2.3 days. Based on an average daily trading volume, of 68,129 shares, the short-interest ratio is presently 2.3 days. Currently, 2.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC lifted its stake in Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the second quarter, according to its most recent 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 filing with the Securities & Exchange Commission. 30.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NCPL has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Netcapital in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of Netcapital to a “strong sell” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Netcapital Price Performance

Shares of NCPL traded down $0.01 during mid-day trading on Friday, hitting $0.45. The company’s stock had a trading volume of 32,875 shares, compared to its average volume of 139,974. The firm has a 50-day moving average price of $0.62 and a 200 day moving average price of $1.35. Netcapital has a fifty-two week low of $0.37 and a fifty-two week high of $8.75. The stock has a market capitalization of $3.55 million, a price-to-earnings ratio of -0.03 and a beta of 0.97.

Netcapital (NASDAQ:NCPL) last released its 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). The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $1.76 million. Netcapital had a negative net margin of 3,674.94% and a negative return on equity of 39.85%.

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.