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

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large 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 volume of 181,601 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Netcapital

An institutional investor recently raised its stake in Netcapital stock. Geode Capital Management LLC grew its holdings in shares of Netcapital Inc. (NASDAQ:NCPL) by 31.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,574 shares of the company’s stock after acquiring 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. 30.69% of the stock is owned by institutional investors and hedge funds.

Netcapital Trading Down 0.7%

Shares of NCPL traded down $0.00 during midday trading on Tuesday, reaching $0.38. 41,028 shares of the company were exchanged, compared to its average volume of 1,980,802. Netcapital has a 1-year low of $0.31 and a 1-year high of $3.55. The stock has a 50-day moving average price of $0.69 and a 200-day moving average price of $0.57. The company has a market cap of $2.97 million, a price-to-earnings ratio of -0.02 and a beta of 2.34.

Netcapital Company Profile

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.