Netcapital Inc. (NASDAQ:NCPL) Stock Short Interest Drops 86.0%

Netcapital Inc. (NASDAQ:NCPL – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 230,658 shares, a decline of 86.0% from the August 31st total of 1,651,407 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,458,752 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Netcapital in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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Netcapital Price Performance

NCPL stock traded up $0.09 during trading on Friday, hitting $1.36. The stock had a trading volume of 13,643,836 shares, compared to its average volume of 28,906,944. Netcapital has a twelve month low of $0.21 and a twelve month high of $2.75. The company’s 50-day moving average price is $0.52 and its two-hundred day moving average price is $0.55. The stock has a market capitalization of $10.67 million, a P/E ratio of -0.09 and a beta of 2.52.

Netcapital Company Profile

(Get Free Report)

Netcapital, Inc (NASDAQ: NCPL) is a financial technology company that operates an online capital-raising platform. Through its platform, the company connects entrepreneurs and early-stage businesses with investors seeking opportunities to invest in private companies.

Netcapital’s services are primarily focused on facilitating equity financing and supporting companies as they seek to raise capital. Its platform is designed to help businesses present their offerings to eligible investors, while providing tools and services related to fundraising, investor communications and campaign administration.

The company operates in the United States and conducts its activities through subsidiaries and affiliated entities involved in online investing and capital formation.

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