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

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

Institutional Investors Weigh In On Netcapital

A hedge fund recently raised its stake in Netcapital stock. Geode Capital Management LLC raised its holdings in Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,574 shares of the company’s stock after buying an additional 3,704 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Netcapital worth $107,000 as of its most recent SEC filing. Institutional investors own 30.69% of the company’s stock.

Netcapital Price Performance

Netcapital stock remained flat at $0.55 during midday trading on Thursday. The company had a trading volume of 71,106 shares, compared to its average volume of 1,481,087. The stock’s fifty day simple moving average is $0.78 and its two-hundred day simple moving average is $1.67. The company has a market cap of $4.28 million, a price-to-earnings ratio of -0.03 and a beta of 0.91. Netcapital has a 12-month low of $0.53 and a 12-month high of $8.75.

Netcapital (NASDAQ:NCPL) last issued its quarterly earnings data on Monday, December 15th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.14). The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $1.76 million. Netcapital had a negative return on equity of 39.85% and a negative net margin of 3,674.94%.

Analysts Set New Price Targets

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

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.