Short Interest in Netcapital Inc. (NASDAQ:NCPL) Grows By 797.8%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 793,995 shares, an increase of 797.8% from the May 14th total of 88,442 shares. Currently, 10.6% of the company’s shares are short sold. Based on an average trading volume of 23,067,452 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Netcapital

A hedge fund recently raised its stake in Netcapital stock. Geode Capital Management LLC grew its position in Netcapital Inc. (NASDAQ:NCPL) by 31.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,574 shares of the company’s stock after purchasing an additional 3,704 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Netcapital worth $107,000 at the end of the most recent quarter. 30.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Netcapital in a report on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Netcapital Price Performance

Shares of Netcapital stock opened at $0.87 on Wednesday. The firm has a market cap of $6.87 million, a price-to-earnings ratio of -0.06 and a beta of 2.22. The stock’s 50-day moving average is $0.57 and its 200-day moving average is $0.66. Netcapital has a one year low of $0.31 and a one year high of $8.75.

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

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.