Netcapital Inc. (NASDAQ:NCPL) Short Interest Down 53.0% in July

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 53,446 shares, a decrease of 53.0% from the June 30th total of 113,615 shares. Based on an average daily trading volume, of 181,601 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are sold short.

Netcapital Stock Performance

Shares of Netcapital stock traded up $0.01 on Thursday, reaching $0.37. 36,264 shares of the company were exchanged, compared to its average volume of 1,954,109. The firm has a market cap of $2.92 million, a price-to-earnings ratio of -0.02 and a beta of 2.34. Netcapital has a 1-year low of $0.31 and a 1-year high of $3.45. The company’s 50-day moving average is $0.69 and its two-hundred day moving average is $0.57.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Netcapital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Netcapital

An institutional investor recently bought a new position in Netcapital stock. Jane Street Group LLC purchased a new position in shares of Netcapital Inc. (NASDAQ:NCPL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned about 0.31% of Netcapital as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 30.69% of the company’s stock.

About Netcapital

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.