Intercont (Cayman) Limited (NASDAQ:NCT) Sees Large Growth in Short Interest

Intercont (Cayman) Limited (NASDAQ:NCT) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 39,215 shares, an increase of 60.0% from the January 29th total of 24,515 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 198,159 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 198,159 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Intercont (Cayman) Trading Up 10.9%

Shares of NASDAQ NCT traded up $0.02 during midday trading on Friday, reaching $0.20. The stock had a trading volume of 623,390 shares, compared to its average volume of 216,576. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.54 and a current ratio of 0.54. Intercont has a 12-month low of $0.17 and a 12-month high of $8.76. The stock has a 50-day moving average of $0.21 and a 200-day moving average of $0.83.

Intercont (Cayman) (NASDAQ:NCT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $5.87 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intercont (Cayman) in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Intercont (Cayman)

Intercont (Cayman), doing business as NetCents Technology Inc, operates a cloud-based payments-as-a-service platform that enables merchants to accept both traditional payment methods—such as credit and debit cards, direct bank transfers—and digital currencies through a single integration. The company’s API-driven solution supports online storefronts, hosted checkout pages and in-store terminals, offering a seamless payment experience for end consumers while simplifying back-end processing for merchants.

Legally domiciled in the Cayman Islands and founded in 2013, NetCents maintains its operational headquarters in Kelowna, British Columbia.