Netcapital Inc. (NASDAQ:NCPL) Short Interest Update

Netcapital Inc. (NASDAQ:NCPL) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 93,000 shares, a growth of 167.2% from the October 15th total of 34,800 shares. Based on an average daily trading volume, of 315,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 9.1% of the company’s shares are sold short.

Netcapital Stock Down 1.7 %

Shares of NCPL traded down $0.03 during midday trading on Friday, hitting $1.73. The company had a trading volume of 261,034 shares, compared to its average volume of 163,390. Netcapital has a 52 week low of $1.41 and a 52 week high of $34.23. The company’s 50 day moving average price is $1.76 and its 200 day moving average price is $5.02. The stock has a market cap of $1.87 million, a price-to-earnings ratio of -0.06 and a beta of -0.65.

Netcapital (NASDAQ:NCPL) last released its earnings results on Monday, September 16th. The company reported ($5.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($4.48). Netcapital had a negative net margin of 196.48% and a negative return on equity of 18.14%. The business had revenue of $0.14 million during the quarter, compared to analysts’ expectations of $1.22 million.

Netcapital Company Profile

Netcapital Inc operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. The company also provides various services, including automated onboarding process and filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; and rolling closes which provides access to liquidity before final close date of offerings, as well as assistance with annual fillings and direct access to team for ongoing support.