Short Interest in Netcapital Inc. (NASDAQ:NCPL) Grows By 797.8%

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 793,995 shares, an increase of 797.8% from the May 14th total of 88,442 shares. Currently, 10.6% of the company’s shares are sold short. Based on an average daily trading volume, of 23,067,452 shares, the short-interest ratio is presently 0.0 days.

Netcapital Stock Down 11.2%

Shares of Netcapital stock opened at $0.87 on Wednesday. Netcapital has a 12 month low of $0.31 and a 12 month high of $8.75. The business has a fifty day simple moving average of $0.57 and a 200 day simple moving average of $0.66. The stock has a market cap of $6.87 million, a PE ratio of -0.06 and a beta of 2.22.

Netcapital (NASDAQ:NCPL) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Netcapital had a negative return on equity of 40.53% and a negative net margin of 3,806.77%.The company had revenue of $0.51 million for the quarter, compared to analyst estimates of $1.87 million.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netcapital in a research note on Monday, April 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Netcapital presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC acquired a new position in shares of Netcapital Inc. (NASDAQ:NCPL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned 0.31% of Netcapital as of its most recent SEC filing. 30.69% of the stock is currently owned by institutional investors.

About Netcapital

Netcapital Inc operates an SEC-registered online capital–raising platform that connects emerging companies with a broad base of individual and institutional investors. Through its web-based portal, Netcapital enables issuers to conduct equity offerings under Regulation CF, Regulation A+ and Regulation D, providing a streamlined process for startups and growth-stage businesses seeking to access private capital markets. The company’s platform incorporates digital subscription, investor accreditation checks and regulatory compliance tools designed to simplify deal execution for both issuers and backers.

For entrepreneurs and small-business owners, Netcapital offers end-to-end support that includes deal structuring, compliance workflow, and marketing assistance.