Netcapital Inc. (NASDAQ:NCPL) Short Interest Update

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 34,800 shares, a decline of 36.0% from the September 30th total of 54,400 shares. Based on an average daily volume of 262,200 shares, the short-interest ratio is presently 0.1 days. Currently, 3.4% of the shares of the company are short sold.

Netcapital Price Performance

Shares of NASDAQ:NCPL opened at $1.69 on Tuesday. Netcapital has a 12-month low of $1.41 and a 12-month high of $34.23. The company’s 50 day moving average price is $2.17 and its two-hundred day moving average price is $5.70. The firm has a market cap of $1.83 million, a PE ratio of -0.06 and a beta of -0.60.

Netcapital (NASDAQ:NCPL) last issued its quarterly earnings results on Monday, September 16th. The company reported ($5.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($4.48). The company had revenue of $0.14 million for the quarter, compared to analyst estimates of $1.22 million. Netcapital had a negative return on equity of 18.14% and a negative net margin of 196.48%.

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.