Short Interest in Netcapital Inc. (NASDAQ:NCPL) Declines By 43.5%

Netcapital Inc. (NASDAQ:NCPL) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 154,271 shares, a decline of 43.5% from the February 12th total of 273,113 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 68,129 shares, the days-to-cover ratio is currently 2.3 days. Based on an average trading volume of 68,129 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NCPL shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netcapital in a research note on Wednesday, January 28th. Wall Street Zen cut Netcapital to a “strong sell” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Netcapital has an average rating of “Sell”.

Netcapital Stock Up 2.7%

Shares of NCPL traded up $0.01 during mid-day trading on Thursday, reaching $0.48. 32,332 shares of the company’s stock were exchanged, compared to its average volume of 953,126. Netcapital has a 52-week low of $0.37 and a 52-week high of $8.75. The company has a market cap of $3.79 million, a price-to-earnings ratio of -0.03 and a beta of 0.97. The company has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $1.37.

Netcapital (NASDAQ:NCPL) last posted its earnings results on Monday, December 15th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.14). The company had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $1.76 million. Netcapital had a negative net margin of 3,674.94% and a negative return on equity of 39.85%.

Institutional Trading of Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC bought a new stake in Netcapital Inc. (NASDAQ:NCPL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned about 0.31% of Netcapital at the end of the most recent quarter. 30.69% of the stock is owned by hedge funds and other 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.