Intercont (Cayman) Limited (NASDAQ:NCT) Sees Significant Decline in Short Interest

Intercont (Cayman) Limited (NASDAQ:NCT) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 27,519 shares, a drop of 26.6% from the December 31st total of 37,494 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 136,170 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 136,170 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Intercont (Cayman) Price Performance

NASDAQ:NCT traded up $0.01 during midday trading on Friday, reaching $0.21. The stock had a trading volume of 143,046 shares, compared to its average volume of 131,436. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a fifty day simple moving average of $0.34 and a two-hundred day simple moving average of $1.26. Intercont has a 12-month low of $0.19 and a 12-month high of $8.76.

Intercont (Cayman) (NASDAQ:NCT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $5.87 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Intercont (Cayman) in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Intercont (Cayman) presently has a consensus 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.