Netcapital Inc. (NASDAQ:NCPL) Stock Short Interest Falls 86.0%

Netcapital Inc. (NASDAQ:NCPL) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 230,658 shares, a decline of 86.0% from the August 31st total of 1,651,407 shares. Based on an average daily volume of 9,458,752 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netcapital in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Netcapital Stock Performance

Shares of Netcapital stock traded up $0.09 during trading on Friday, reaching $1.36. The company had a trading volume of 13,643,836 shares, compared to its average volume of 28,906,944. The company has a market cap of $10.68 million, a price-to-earnings ratio of -0.09 and a beta of 2.52. The firm’s fifty day moving average is $0.52 and its 200-day moving average is $0.55. Netcapital has a fifty-two week low of $0.21 and a fifty-two week high of $2.75.

Netcapital Company Profile

Netcapital, Inc (NASDAQ: NCPL) is a financial technology company that operates an online capital-raising platform. Through its platform, the company connects entrepreneurs and early-stage businesses with investors seeking opportunities to invest in private companies.

Netcapital’s services are primarily focused on facilitating equity financing and supporting companies as they seek to raise capital. Its platform is designed to help businesses present their offerings to eligible investors, while providing tools and services related to fundraising, investor communications and campaign administration.

The company operates in the United States and conducts its activities through subsidiaries and affiliated entities involved in online investing and capital formation.