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

Netcapital Inc. (NASDAQ:NCPL) saw a large 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. Approximately 9.8% of the company’s stock are sold short. Based on an average daily trading volume, of 29,277,553 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 29,277,553 shares, the days-to-cover ratio is presently 0.0 days. Approximately 9.8% of the company’s stock are sold short.

Netcapital Stock Down 2.6%

Shares of NCPL stock traded down $0.02 during trading on Friday, reaching $0.77. 258,602 shares of the company’s stock were exchanged, compared to its average volume of 1,558,573. Netcapital has a twelve month low of $0.62 and a twelve month high of $8.75. The firm’s fifty day moving average price is $1.47 and its 200-day moving average price is $2.63. The stock has a market capitalization of $5.27 million, a PE ratio of -0.05 and a beta of 0.87.

Netcapital (NASDAQ:NCPL) last announced its quarterly earnings results 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 business had revenue of $0.05 million for the quarter, compared to analyst estimates of $1.76 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netcapital in a research report 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”.

Hedge Funds Weigh In On Netcapital

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

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.