Short Interest in Netcapital Inc. (NASDAQ:NCPL) Declines By 36.0%

by · The Cerbat Gem

Netcapital Inc. (NASDAQ:NCPL – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 34,800 shares, a drop of 36.0% from the September 30th total of 54,400 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average trading volume of 262,200 shares, the short-interest ratio is presently 0.1 days.

Netcapital Price Performance

Shares of NASDAQ NCPL traded down $0.09 during mid-day trading on Tuesday, hitting $1.60. The company had a trading volume of 1,366,268 shares, compared to its average volume of 152,323. The company has a market capitalization of $1.74 million, a PE ratio of -0.06 and a beta of -0.60. Netcapital has a 1-year low of $1.41 and a 1-year high of $34.23. The business’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $5.70.

Netcapital (NASDAQ:NCPL – Get Free Report) last announced its quarterly earnings data on Monday, September 16th. The company reported ($5.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($4.48). The company had revenue of $0.14 million during the quarter, compared to analyst estimates of $1.22 million. Netcapital had a negative net margin of 196.48% and a negative return on equity of 18.14%.

About Netcapital

(Get Free Report)

Netcapital Inc operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. The company also provides various services, including automated onboarding process and filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; and rolling closes which provides access to liquidity before final close date of offerings, as well as assistance with annual fillings and direct access to team for ongoing support.

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