Short Interest in Netcapital Inc. (NASDAQ:NCPL) Rises By 318.3%
by Jessica Moore · The Cerbat GemNetcapital Inc. (NASDAQ:NCPL – Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 465,820 shares, a growth of 318.3% from the December 31st total of 111,347 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,748,641 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 3,748,641 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.1% of the company’s stock are short sold.
Netcapital Stock Performance
Shares of Netcapital stock traded down $0.01 on Wednesday, hitting $0.76. 317,353 shares of the company’s stock were exchanged, compared to its average volume of 2,295,100. Netcapital has a 1 year low of $0.61 and a 1 year high of $8.75. The company has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $1.88. The stock has a market capitalization of $5.21 million, a PE ratio of -0.05 and a beta of 0.91.
Netcapital (NASDAQ:NCPL – Get Free Report) last posted its quarterly earnings data on Monday, December 15th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.14). Netcapital had a negative return on equity of 39.85% and a negative net margin of 3,674.94%.The company had revenue of $0.05 million during the quarter, compared to the consensus estimate of $1.76 million.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Netcapital to a “strong sell” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netcapital in a research report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Netcapital
An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC grew its holdings in shares of Netcapital Inc. (NASDAQ:NCPL – Free Report) by 31.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,574 shares of the company’s stock after buying an additional 3,704 shares during the quarter. Geode Capital Management LLC owned 0.40% of Netcapital worth $107,000 at the end of the most recent reporting period. 30.69% of the stock is currently owned by hedge funds and other institutional investors.
About Netcapital
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.