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

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

Netcapital Stock Performance

NCPL stock traded down $0.02 during trading on Friday, reaching $0.45. 454,274 shares of the company were exchanged, compared to its average volume of 42,435,272. The stock’s 50 day moving average price is $0.45 and its 200 day moving average price is $0.52. Netcapital has a 52-week low of $0.21 and a 52-week high of $2.75. The company has a market cap of $3.53 million, a P/E ratio of -0.03 and a beta of 2.52.

Hedge Funds Weigh In On Netcapital

An institutional investor recently bought a new stake in Netcapital stock. Jane Street Group LLC bought a new position in shares of Netcapital Inc. (NASDAQ:NCPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned approximately 0.31% of Netcapital as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 30.69% of the company’s stock.

Wall Street Analyst Weigh In

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

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.