Netcapital Inc. (NASDAQ:NCPL) Sees Large Increase in Short Interest

Netcapital Inc. (NASDAQ:NCPL) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,651,407 shares, an increase of 514.5% from the August 15th total of 268,732 shares. Approximately 22.1% of the company’s stock are sold short. Based on an average daily volume of 68,106,389 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Netcapital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Netcapital Trading Down 3.6%

Shares of NCPL traded down $0.02 on Friday, reaching $0.45. 454,274 shares of the company’s stock traded hands, compared to its average volume of 42,435,272. The stock has a market cap of $3.53 million, a PE ratio of -0.03 and a beta of 2.52. The stock’s 50 day simple moving average is $0.45 and its two-hundred day simple moving average is $0.52. Netcapital has a 52-week low of $0.21 and a 52-week high of $2.75.

Institutional Investors Weigh In On Netcapital

A hedge fund recently raised its position in Netcapital stock. Geode Capital Management LLC increased its stake in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,574 shares of the company’s stock after buying an additional 3,704 shares during the period. Geode Capital Management LLC owned about 0.40% of Netcapital worth $107,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.