Short Interest in Netcapital Inc. (NASDAQ:NCPL) Increases By 19.7%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 130,600 shares, a growth of 19.7% from the January 31st total of 109,100 shares. Approximately 7.2% of the company’s stock are sold short. Based on an average daily volume of 294,000 shares, the short-interest ratio is currently 0.4 days.

Netcapital Price Performance

Netcapital stock opened at $1.94 on Friday. Netcapital has a one year low of $1.41 and a one year high of $22.85. The company’s fifty day moving average price is $2.08 and its two-hundred day moving average price is $2.05. The company has a market capitalization of $3.57 million, a price-to-earnings ratio of -0.06 and a beta of -0.48.

Netcapital (NASDAQ:NCPL) last issued its quarterly earnings data on Monday, December 16th. The company reported ($2.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.94). Netcapital had a negative net margin of 562.71% and a negative return on equity of 25.03%.

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.