Short Interest in Netcapital Inc. (NASDAQ:NCPL) Drops By 22.3%

Netcapital Inc. (NASDAQ:NCPL) was the target of a significant decline in short interest in 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. Approximately 8.7% of the shares of the company are short sold. Based on an average daily volume of 471,400 shares, the short-interest ratio is currently 0.3 days.

Netcapital Price Performance

Shares of NCPL stock opened at $2.14 on Friday. Netcapital has a one year low of $1.41 and a one year high of $22.85. The stock has a fifty day moving average price of $1.81 and a 200 day moving average price of $3.50. The stock has a market cap of $3.94 million, a P/E ratio of -0.08 and a beta of -0.33.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings data on Monday, December 16th. The company reported ($2.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.40) by ($0.94). 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.