Netcapital Inc. (NASDAQ:NCPL) Shares Shorted: Short Interest Up 216.5% in September

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 730,117 shares, an increase of 216.5% from the September 15th total of 230,658 shares. Currently, 9.8% of the company’s stock are sold short. Based on an average daily trading volume, of 36,892,244 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NCPL shares. Wall Street Zen lowered Netcapital to a “strong sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Netcapital in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Netcapital currently has a consensus rating of “Sell”.

Netcapital Stock Down 9.7%

NCPL traded down $0.15 during trading hours on Tuesday, hitting $1.39. The stock had a trading volume of 6,228,277 shares, compared to its average volume of 8,427,925. Netcapital has a 1 year low of $0.21 and a 1 year high of $2.66. The company’s fifty day simple moving average is $0.72 and its 200 day simple moving average is $0.61. The stock has a market cap of $10.91 million, a PE ratio of -0.09 and a beta of 2.35.

Netcapital Company Profile

Netcapital Inc is a financial technology company that provides an online platform designed to connect private companies seeking capital with investors. Through its platform, eligible businesses can present their offerings and raise funds, while investors can review investment opportunities in early-stage and growth-oriented companies.

The company operates through Netcapital Funding Portal Inc, a regulated funding portal that facilitates securities offerings under applicable U.S. crowdfunding regulations.