Short Interest in Netcapital Inc. (NASDAQ:NCPL) Decreases By 88.6%

Netcapital Inc. (NASDAQ:NCPL) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 90,778 shares, a decline of 88.6% from the May 31st total of 793,995 shares. Based on an average trading volume of 778,140 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Investors 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 the company in its most recent Form 13F filing with the SEC. The fund purchased 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned approximately 0.31% of Netcapital as of its most recent filing with the SEC. Institutional investors and hedge funds own 30.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Netcapital in a report on Monday, April 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Netcapital Trading Down 6.1%

Shares of NASDAQ:NCPL opened at $0.52 on Friday. The firm has a market cap of $4.09 million, a price-to-earnings ratio of -0.03 and a beta of 2.22. Netcapital has a 1 year low of $0.31 and a 1 year high of $8.75. The business has a fifty day simple moving average of $0.65 and a 200 day simple moving average of $0.63.

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.