Short Interest in Netcapital Inc. (NASDAQ:NCPL) Increases By 167.2%

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant growth in short interest during 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 short-interest ratio is presently 0.3 days. Approximately 9.1% of the company’s stock are sold short.

Netcapital Price Performance

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

Netcapital (NASDAQ:NCPL) last released its quarterly earnings results on Monday, September 16th. The company reported ($5.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($4.48). Netcapital had a negative return on equity of 18.14% and a negative net margin of 196.48%. The firm 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.