Netcapital Inc. (NASDAQ:NCPL) Short Interest Update

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 327,700 shares, a growth of 173.8% from the March 31st total of 119,700 shares. Based on an average trading volume of 523,100 shares, the short-interest ratio is currently 0.6 days. Currently, 2.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, Director Steven F. Geary bought 239,274 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased at an average price of $0.13 per share, for a total transaction of $31,105.62. Following the acquisition, the director now directly owns 249,574 shares of the company’s stock, valued at approximately $32,444.62. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC acquired a new stake in Netcapital Inc. (NASDAQ:NCPL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned about 6.03% of Netcapital at the end of the most recent reporting period. Institutional investors own 30.69% of the company’s stock.

Netcapital Price Performance

Netcapital stock traded down $0.00 during mid-day trading on Friday, reaching $0.13. The stock had a trading volume of 964,210 shares, compared to its average volume of 532,635. Netcapital has a one year low of $0.11 and a one year high of $2.73. The company has a market capitalization of $2.60 million, a price-to-earnings ratio of -2.61 and a beta of -0.43. The company has a 50-day moving average price of $0.13 and a two-hundred day moving average price of $0.24.

Netcapital (NASDAQ:NCPL) last announced its quarterly earnings results on Monday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter. Netcapital had a negative net margin of 17.74% and a negative return on equity of 3.55%. The company had revenue of $1.04 million during the quarter. On average, equities research analysts anticipate that Netcapital will post -0.27 earnings per share for the current fiscal year.

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.