Netcapital Inc. (NASDAQ:NCPL) Short Interest Update

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 153,600 shares, a decline of 22.3% from the November 30th total of 197,600 shares. Currently, 8.7% of the shares of the company are sold short. Based on an average daily trading volume, of 471,400 shares, the days-to-cover ratio is currently 0.3 days.

Netcapital Trading Up 7.5 %

NASDAQ:NCPL opened at $2.14 on Friday. The firm has a market capitalization of $3.94 million, a PE ratio of -0.08 and a beta of -0.33. Netcapital has a 1 year low of $1.41 and a 1 year high of $22.85. The firm’s fifty day simple moving average is $1.81 and its 200 day simple moving average is $3.50.

Netcapital (NASDAQ:NCPL) last issued its quarterly earnings results on Monday, December 16th. The company reported ($2.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.40) by ($0.94). Netcapital had a negative net margin of 196.48% and a negative return on equity of 18.14%.

About Netcapital

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.