Short Interest in Netcapital Inc. (NASDAQ:NCPL) Drops By 36.0%

Netcapital Inc. (NASDAQ:NCPL) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 34,800 shares, a drop of 36.0% from the September 30th total of 54,400 shares. Based on an average daily trading volume, of 262,200 shares, the short-interest ratio is presently 0.1 days. Approximately 3.4% of the shares of the stock are short sold.

Netcapital Stock Performance

NCPL traded up $0.10 on Friday, hitting $1.69. 780,742 shares of the company were exchanged, compared to its average volume of 145,491. The firm has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $5.75. Netcapital has a 12 month low of $1.41 and a 12 month high of $34.23. The stock has a market capitalization of $33.82 million, a PE ratio of -33.80 and a beta of -0.60.

Netcapital (NASDAQ:NCPL) last posted its quarterly earnings results on Monday, September 16th. The company reported ($5.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($4.48). The company had revenue of $0.14 million for the quarter, compared to the consensus estimate of $1.22 million. 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.