Netcapital Inc. (NASDAQ:NCPL) Sees Large Growth in Short Interest

Netcapital Inc. (NASDAQ:NCPL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 639,831 shares, a growth of 267.5% from the November 30th total of 174,086 shares. Currently, 9.8% of the shares of the company are sold short. Based on an average daily volume of 29,277,553 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 29,277,553 shares, the days-to-cover ratio is currently 0.0 days. Currently, 9.8% of the shares of the company are sold short.

Netcapital Stock Performance

Netcapital stock traded down $0.04 during mid-day trading on Thursday, reaching $0.79. The company’s stock had a trading volume of 136,677 shares, compared to its average volume of 16,476,877. The firm’s fifty day moving average price is $1.50 and its two-hundred day moving average price is $2.64. Netcapital has a 12-month low of $0.62 and a 12-month high of $8.75. The company has a market capitalization of $5.40 million, a P/E ratio of -0.05 and a beta of 0.87.

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

Hedge Funds Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC increased its position in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,574 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission. 30.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Netcapital in a research note on Friday, October 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Netcapital presently 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.