Netcapital Inc. (NASDAQ:NCPL) Stock Short Interest Declines 86.0%

Netcapital Inc. (NASDAQ:NCPL) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 230,658 shares, a drop of 86.0% from the August 31st total of 1,651,407 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 9,458,752 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Netcapital in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Netcapital Price Performance

Shares of Netcapital stock traded up $0.18 during trading on Friday, hitting $1.46. 9,454,836 shares of the company’s stock traded hands, compared to its average volume of 8,209,024. The business has a 50-day simple moving average of $0.50 and a 200-day simple moving average of $0.54. Netcapital has a 1 year low of $0.21 and a 1 year high of $2.75. The stock has a market capitalization of $11.42 million, a P/E ratio of -0.09 and a beta of 2.52.

About Netcapital

Netcapital, Inc (NASDAQ: NCPL) is a financial technology company that operates an online capital-raising platform. Through its platform, the company connects entrepreneurs and early-stage businesses with investors seeking opportunities to invest in private companies.

Netcapital’s services are primarily focused on facilitating equity financing and supporting companies as they seek to raise capital. Its platform is designed to help businesses present their offerings to eligible investors, while providing tools and services related to fundraising, investor communications and campaign administration.

The company operates in the United States and conducts its activities through subsidiaries and affiliated entities involved in online investing and capital formation.