Netcapital Inc. (NASDAQ:NCPL) Short Interest Down 36.0% in October

Netcapital Inc. (NASDAQ:NCPL) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 34,800 shares, a decline of 36.0% from the September 30th total of 54,400 shares. Based on an average daily volume of 262,200 shares, the short-interest ratio is presently 0.1 days. Approximately 3.4% of the company’s stock are sold short.

Netcapital Price Performance

Netcapital stock traded up $0.10 during mid-day trading on Friday, reaching $1.69. The stock had a trading volume of 780,742 shares, compared to its average volume of 145,491. The company has a market capitalization of $33.82 million, a price-to-earnings ratio of -33.80 and a beta of -0.60. The company has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $5.75. Netcapital has a one year low of $1.41 and a one year high of $34.23.

Netcapital (NASDAQ:NCPL) last announced its quarterly earnings results on Monday, September 16th. The company reported ($5.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($4.48). The firm had revenue of $0.14 million during the quarter, compared to the consensus estimate of $1.22 million. Netcapital had a negative return on equity of 18.14% and a negative net margin of 196.48%.

Netcapital Company Profile

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.