Netcapital Inc. (NASDAQ:NCPL) Short Interest Update

Netcapital Inc. (NASDAQ:NCPL) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 87,603 shares, a decline of 43.2% from the February 26th total of 154,271 shares. Based on an average daily trading volume, of 201,226 shares, the short-interest ratio is presently 0.4 days. Approximately 1.2% of the shares of the stock are short sold.

Netcapital Stock Down 8.7%

Shares of NASDAQ NCPL traded down $0.03 during trading hours on Friday, reaching $0.35. 90,274 shares of the stock traded hands, compared to its average volume of 830,732. The company has a market capitalization of $2.75 million, a P/E ratio of -0.02 and a beta of 0.97. Netcapital has a 52-week low of $0.34 and a 52-week high of $8.75. The company’s 50-day simple moving average is $0.57 and its two-hundred day simple moving average is $1.26.

Netcapital (NASDAQ:NCPL) last issued its earnings results on Thursday, March 19th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Netcapital had a negative return on equity of 40.53% and a negative net margin of 3,806.77%.The firm had revenue of $0.51 million during the quarter, compared to analysts’ expectations of $1.87 million.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Netcapital to a “strong sell” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Netcapital in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Netcapital presently has an average rating of “Sell”.

Institutional Investors Weigh In On Netcapital

A hedge fund recently raised its stake in Netcapital stock. Geode Capital Management LLC lifted its holdings in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,574 shares of the company’s stock after purchasing an additional 3,704 shares during the period. Geode Capital Management LLC owned about 0.40% of Netcapital worth $107,000 as of its most recent filing with the SEC. 30.69% of the stock is currently owned by 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.