Intercont (Cayman) Limited (NASDAQ:NCT) Short Interest Update

Intercont (Cayman) Limited (NASDAQ:NCT) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,682 shares, a drop of 89.6% from the April 30th total of 16,217 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,242 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Intercont (Cayman)

An institutional investor recently raised its position in Intercont (Cayman) stock. Renaissance Technologies LLC raised its position in Intercont (Cayman) Limited (NASDAQ:NCT) by 258.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 413,900 shares of the company’s stock after purchasing an additional 298,337 shares during the quarter. Renaissance Technologies LLC owned 31.36% of Intercont (Cayman) worth $30,000 at the end of the most recent quarter.

Intercont (Cayman) Stock Performance

NASDAQ NCT traded down $1.09 during trading hours on Friday, hitting $2.79. 618,326 shares of the company’s stock were exchanged, compared to its average volume of 1,734,616. The business’s 50 day moving average is $2.40 and its 200-day moving average is $6.48. Intercont has a 12-month low of $1.36 and a 12-month high of $127.50.

Intercont (Cayman) (NASDAQ:NCT) last released its earnings results on Saturday, February 14th. The company reported ($1.25) earnings per share for the quarter. The company had revenue of $6.29 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intercont (Cayman) in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Intercont (Cayman) Company Profile

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.