Netcapital Inc. (NASDAQ:NCPL) Short Interest Up 514.5% in August

Netcapital Inc. (NASDAQ:NCPL) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,651,407 shares, an increase of 514.5% from the August 15th total of 268,732 shares. Currently, 22.1% of the shares of the stock are sold short. Based on an average daily volume of 68,106,389 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Netcapital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Netcapital Stock Performance

Shares of Netcapital stock opened at $0.47 on Friday. Netcapital has a 52 week low of $0.21 and a 52 week high of $2.75. The stock has a market capitalization of $3.66 million, a price-to-earnings ratio of -0.03 and a beta of 2.52. The firm has a fifty day moving average of $0.45 and a two-hundred day moving average of $0.52.

Hedge Funds Weigh In On Netcapital

A hedge fund recently bought a new position in Netcapital stock. Jane Street Group LLC acquired a new position in shares of Netcapital Inc. (NASDAQ:NCPL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned 0.31% of Netcapital at the end of the most recent quarter. 30.69% of the stock is currently owned by hedge funds and other institutional investors.

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.