Short Interest in Netcapital Inc. (NASDAQ:NCPL) Expands By 56.4%

Netcapital Inc. (NASDAQ:NCPL) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 134,987 shares, an increase of 56.4% from the March 31st total of 86,298 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 234,299 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Netcapital to a “strong sell” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Netcapital in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Netcapital presently has a consensus rating of “Sell”.

Netcapital Stock Performance

NCPL traded down $0.01 during trading hours on Wednesday, reaching $0.38. The company’s stock had a trading volume of 89,561 shares, compared to its average volume of 675,154. The firm has a market cap of $3.00 million, a PE ratio of -0.02 and a beta of 1.17. Netcapital has a 52 week low of $0.31 and a 52 week high of $8.75. The company’s 50-day moving average is $0.44 and its 200-day moving average is $0.92.

Netcapital (NASDAQ:NCPL) last posted its earnings results on Thursday, March 19th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $0.51 million during the quarter, compared to analyst estimates of $1.87 million. Netcapital had a negative net margin of 3,806.77% and a negative return on equity of 40.53%.

Institutional Investors Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC increased its stake in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 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.