Netcapital Inc. (NASDAQ:NCPL) Short Interest Down 88.6% in June

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 90,778 shares, a drop of 88.6% from the May 31st total of 793,995 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 778,140 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Netcapital stock. Geode Capital Management LLC increased its stake in Netcapital Inc. (NASDAQ:NCPL) by 31.2% in 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 quarter. Geode Capital Management LLC owned approximately 0.40% of Netcapital worth $107,000 at the end of the most recent reporting period. 30.69% of the stock is currently owned by institutional investors.

Netcapital Price Performance

NASDAQ NCPL opened at $0.52 on Friday. Netcapital has a fifty-two week low of $0.31 and a fifty-two week high of $8.75. The stock’s 50-day moving average is $0.65 and its two-hundred day moving average is $0.63. The firm has a market cap of $4.09 million, a P/E ratio of -0.03 and a beta of 2.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Netcapital in a research report on Monday, April 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Netcapital currently has an average rating of “Sell”.

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.