Netcapital Inc. (NASDAQ:NCPL) Short Interest Up 173.8% in April

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 327,700 shares, a growth of 173.8% from the March 31st total of 119,700 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 523,100 shares, the short-interest ratio is currently 0.6 days.

Insider Transactions at Netcapital

In other Netcapital news, Director Steven F. Geary bought 239,274 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of $0.13 per share, for a total transaction of $31,105.62. Following the purchase, the director now directly owns 249,574 shares in the company, valued at $32,444.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC bought a new position in Netcapital Inc. (NASDAQ:NCPL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned approximately 6.03% of Netcapital at the end of the most recent reporting period. Institutional investors and hedge funds own 30.69% of the company’s stock.

Netcapital Price Performance

Shares of NASDAQ:NCPL remained flat at $0.13 on Friday. 1,020,645 shares of the stock traded hands, compared to its average volume of 554,330. The firm’s 50 day moving average price is $0.13 and its 200 day moving average price is $0.23. The stock has a market capitalization of $2.60 million, a price-to-earnings ratio of -2.60 and a beta of -0.43. Netcapital has a one year low of $0.11 and a one year high of $2.73.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings data on Monday, March 18th. The company reported ($0.19) earnings per share for the quarter. Netcapital had a negative net margin of 17.74% and a negative return on equity of 3.55%. The company had revenue of $1.04 million during the quarter. As a group, equities analysts expect that Netcapital will post -0.27 EPS for the current year.

About Netcapital

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.