Short Interest in Netcapital Inc. (NASDAQ:NCPL) Grows By 299.4%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 268,732 shares, an increase of 299.4% from the July 30th total of 67,279 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,808,597 shares, the days-to-cover ratio is currently 0.1 days.

Netcapital Trading Up 21.4%

Netcapital stock traded up $0.12 during mid-day trading on Friday, reaching $0.65. The company’s stock had a trading volume of 91,536,235 shares, compared to its average volume of 6,137,221. Netcapital has a twelve month low of $0.21 and a twelve month high of $2.75. The business has a 50 day moving average price of $0.44 and a 200-day moving average price of $0.52. The firm has a market cap of $5.13 million, a price-to-earnings ratio of -0.04 and a beta of 2.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Netcapital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Netcapital presently has an average rating of “Sell”.

Institutional Investors Weigh In On Netcapital

A hedge fund recently bought a new position in Netcapital stock. Jane Street Group LLC bought a new position in Netcapital Inc. (NASDAQ:NCPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned about 0.31% of Netcapital as of its most recent SEC filing. 30.69% of the stock is currently owned by hedge funds and other institutional investors.

Netcapital Company Profile

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.