Short Interest in Netcapital Inc. (NASDAQ:NCPL) Drops By 22.3%

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

Netcapital Price Performance

Netcapital stock traded down $0.02 during trading hours on Monday, reaching $2.12. The company had a trading volume of 284,695 shares, compared to its average volume of 205,565. Netcapital has a 12-month low of $1.41 and a 12-month high of $22.85. The company has a 50-day moving average price of $1.84 and a 200 day moving average price of $3.35. The firm has a market cap of $3.90 million, a price-to-earnings ratio of -0.08 and a beta of -0.32.

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

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.