Netcapital Inc. (NASDAQ:NCPL) Short Interest Update

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 153,600 shares, a drop of 22.3% from the November 30th total of 197,600 shares. Based on an average daily trading volume, of 471,400 shares, the short-interest ratio is currently 0.3 days. Approximately 8.7% of the shares of the stock are short sold.

Netcapital Price Performance

Shares of Netcapital stock traded up $0.15 on Friday, hitting $2.14. The company had a trading volume of 351,440 shares, compared to its average volume of 205,217. Netcapital has a 52 week low of $1.41 and a 52 week high of $22.85. The company has a market cap of $3.94 million, a PE ratio of -0.08 and a beta of -0.32. The business has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $3.42.

Netcapital (NASDAQ:NCPL) last announced its quarterly earnings data on Monday, December 16th. The company reported ($2.34) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.94). Netcapital had a negative net margin of 196.48% and a negative return on equity of 18.14%.

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.