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

Netcapital Inc. (NASDAQ:NCPL) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 111,347 shares, a decline of 82.6% from the December 15th total of 639,831 shares. Based on an average daily volume of 416,690 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 416,690 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Netcapital

An institutional investor recently raised its position in Netcapital stock. Geode Capital Management LLC increased its stake in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the second quarter, according to the company in its most recent filing 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 quarter. Geode Capital Management LLC owned approximately 0.40% of Netcapital worth $107,000 at the end of the most recent reporting period. 30.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NCPL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netcapital in a report on Friday, October 31st. Wall Street Zen lowered Netcapital to a “strong sell” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Netcapital Trading Down 4.5%

NASDAQ NCPL traded down $0.04 on Monday, hitting $0.80. 448,945 shares of the company’s stock were exchanged, compared to its average volume of 5,358,362. The stock has a 50-day moving average of $1.13 and a 200-day moving average of $2.40. The stock has a market cap of $5.49 million, a price-to-earnings ratio of -0.05 and a beta of 0.91. Netcapital has a 52 week low of $0.61 and a 52 week high of $8.75.

Netcapital (NASDAQ:NCPL) last issued its quarterly earnings results on Monday, December 15th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.14). Netcapital had a negative net margin of 3,674.94% and a negative return on equity of 39.85%. The business had revenue of $0.05 million during the quarter, compared to the consensus estimate of $1.76 million.

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.