Short Interest in Intercont (Cayman) Limited (NASDAQ:NCT) Grows By 37.5%

Intercont (Cayman) Limited (NASDAQ:NCTGet Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 34,530 shares, a growth of 37.5% from the November 30th total of 25,120 shares. Based on an average daily volume of 2,340,071 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,340,071 shares, the short-interest ratio is presently 0.0 days.

Intercont (Cayman) Stock Down 14.2%

Shares of NCT stock traded down $0.03 on Wednesday, reaching $0.19. The stock had a trading volume of 621,916 shares, compared to its average volume of 588,332. The firm’s 50-day moving average is $0.67 and its two-hundred day moving average is $1.86. Intercont has a 12 month low of $0.19 and a 12 month high of $8.76.

Intercont (Cayman) (NASDAQ:NCTGet Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.05 EPS for the quarter. The business had revenue of $5.87 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intercont (Cayman) in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Intercont (Cayman) presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on NCT

About Intercont (Cayman)

(Get Free Report)

Intercont (Cayman), doing business as NetCents Technology Inc, operates a cloud-based payments-as-a-service platform that enables merchants to accept both traditional payment methods—such as credit and debit cards, direct bank transfers—and digital currencies through a single integration. The company’s API-driven solution supports online storefronts, hosted checkout pages and in-store terminals, offering a seamless payment experience for end consumers while simplifying back-end processing for merchants.

Legally domiciled in the Cayman Islands and founded in 2013, NetCents maintains its operational headquarters in Kelowna, British Columbia.

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