Netcapital Inc. (NASDAQ:NCPLW) Sees Large Decline in Short Interest

Netcapital Inc. (NASDAQ:NCPLW) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,866 shares, a decrease of 86.3% from the September 30th total of 13,580 shares. Based on an average trading volume of 9,848 shares, the days-to-cover ratio is presently 0.2 days.

Netcapital Stock Down 21.1%

NASDAQ:NCPLW opened at $0.03 on Thursday. The company has a 50 day moving average price of $0.03 and a 200 day moving average price of $0.03. Netcapital has a fifty-two week low of $0.01 and a fifty-two week high of $0.09.

Netcapital Company Profile

Netcapital Inc is a financial technology company that operates an online investment platform designed to connect early-stage and growth companies with investors. Through its platform, eligible private companies can present their businesses, products and fundraising opportunities to potential investors, while investors can review participating companies and consider investment opportunities subject to applicable securities laws.

The company’s activities include equity crowdfunding and related capital-raising services.