Short Interest in Netcapital Inc. (NASDAQ:NCPL) Increases By 514.5%

Netcapital Inc. (NASDAQ:NCPL) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,651,407 shares, a growth of 514.5% from the August 15th total of 268,732 shares. Based on an average trading volume of 68,106,389 shares, the short-interest ratio is presently 0.0 days. Currently, 22.1% of the company’s stock are sold short.

Netcapital Stock Down 3.6%

NCPL stock opened at $0.47 on Friday. The company has a market cap of $3.66 million, a price-to-earnings ratio of -0.03 and a beta of 2.52. Netcapital has a twelve month low of $0.21 and a twelve month high of $2.75. The business has a 50 day moving average price of $0.45 and a two-hundred day moving average price of $0.52.

Institutional Trading of Netcapital

A hedge fund recently raised its position in Netcapital stock. Geode Capital Management LLC lifted its position in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,574 shares of the company’s stock after purchasing an additional 3,704 shares during the period. Geode Capital Management LLC owned 0.40% of Netcapital worth $107,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 30.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Netcapital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Netcapital presently has an average rating of “Sell”.

Netcapital Company Profile

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.