Netcapital Inc. (NASDAQ:NCPL) Short Interest Up 56.4% in April
by Teresa Graham · The Cerbat GemNetcapital Inc. (NASDAQ:NCPL – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 134,987 shares, an increase of 56.4% from the March 31st total of 86,298 shares. Based on an average daily volume of 234,299 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.8% of the shares of the stock are sold short.
Institutional Investors Weigh In On Netcapital
A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC purchased a new position in shares of Netcapital Inc. (NASDAQ:NCPL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 quarter. Institutional investors and hedge funds own 30.69% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Netcapital in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Netcapital to a “strong sell” rating in a research note on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Research Report on Netcapital
Netcapital Trading Up 4.1%
NASDAQ:NCPL traded up $0.02 during midday trading on Monday, hitting $0.40. 271,417 shares of the company traded hands, compared to its average volume of 686,558. The firm’s fifty day moving average is $0.45 and its 200-day moving average is $0.95. Netcapital has a 12-month low of $0.31 and a 12-month high of $8.75. The firm has a market capitalization of $3.11 million, a P/E ratio of -0.03 and a beta of 1.17.
Netcapital (NASDAQ:NCPL – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The company had revenue of $0.51 million during the quarter, compared to the consensus estimate of $1.87 million. Netcapital had a negative return on equity of 40.53% and a negative net margin of 3,806.77%.
Netcapital Company Profile
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.