Short Interest in Netcapital Inc. (NASDAQ:NCPL) Decreases By 67.4%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 298,500 shares, a decrease of 67.4% from the June 30th total of 914,600 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 12,650,000 shares, the days-to-cover ratio is presently 0.0 days.

Netcapital Price Performance

Shares of Netcapital stock remained flat at $0.10 on Thursday. The stock had a trading volume of 4,750,860 shares, compared to its average volume of 6,095,670. The firm has a market capitalization of $1.91 million, a PE ratio of -1.91 and a beta of -0.54. Netcapital has a 12-month low of $0.09 and a 12-month high of $0.72. The stock’s 50-day simple moving average is $0.12 and its 200 day simple moving average is $0.14.

Institutional Trading of Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC purchased a new stake in shares of Netcapital Inc. (NASDAQ:NCPL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned about 6.03% of Netcapital at the end of the most recent quarter. Institutional investors own 30.69% of the company’s stock.

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.