Netcapital Inc. (NASDAQ:NCPL) Stock Short Interest Report for September

Netcapital Inc. (NASDAQ:NCPL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 730,117 shares, a growth of 216.5% from the September 15th total of 230,658 shares. Based on an average daily volume of 36,892,244 shares, the days-to-cover ratio is currently 0.0 days. Approximately 9.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Netcapital in a research note on Tuesday, September 22nd. Wall Street Zen lowered Netcapital to a “strong sell” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Netcapital has an average rating of “Sell”.

Netcapital Stock Down 9.7%

NASDAQ:NCPL opened at $1.39 on Wednesday. The firm’s fifty day moving average is $0.74 and its 200-day moving average is $0.62. Netcapital has a 52 week low of $0.21 and a 52 week high of $2.66.

About Netcapital

Netcapital Inc is a financial technology company that provides an online platform designed to connect private companies seeking capital with investors. Through its platform, eligible businesses can present their offerings and raise funds, while investors can review investment opportunities in early-stage and growth-oriented companies.

The company operates through Netcapital Funding Portal Inc, a regulated funding portal that facilitates securities offerings under applicable U.S. crowdfunding regulations.