Netcapital Inc. (NASDAQ:NCPL) Sees Large Decrease in Short Interest

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 90,778 shares, a drop of 88.6% from the May 31st total of 793,995 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 778,140 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC purchased a new stake in Netcapital Inc. (NASDAQ:NCPL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned 0.31% of Netcapital at the end of the most recent reporting period. 30.69% of the stock is currently owned by institutional investors.

Netcapital Stock Up 9.2%

Shares of Netcapital stock traded up $0.05 during trading on Friday, reaching $0.57. 611,511 shares of the company were exchanged, compared to its average volume of 687,883. The business has a 50-day moving average price of $0.65 and a 200-day moving average price of $0.63. The firm has a market capitalization of $4.47 million, a price-to-earnings ratio of -0.04 and a beta of 2.22. Netcapital has a twelve month low of $0.31 and a twelve month high of $8.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Netcapital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.