Short Interest in Netcapital Inc. (NASDAQ:NCPL) Expands By 173.8%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 327,700 shares, a growth of 173.8% from the March 31st total of 119,700 shares. Based on an average trading volume of 523,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.0% of the shares of the stock are short sold.

Insider Buying and Selling at Netcapital

In related news, Director Steven F. Geary acquired 239,274 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average price of $0.13 per share, for a total transaction of $31,105.62. Following the transaction, the director now owns 249,574 shares in the company, valued at approximately $32,444.62. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Armistice Capital LLC bought a new stake in Netcapital Inc. (NASDAQ:NCPL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned 6.03% of Netcapital at the end of the most recent quarter. 30.69% of the stock is owned by institutional investors and hedge funds.

Netcapital Stock Performance

Shares of NASDAQ:NCPL remained flat at $0.13 during trading on Friday. The stock had a trading volume of 1,020,645 shares, compared to its average volume of 554,330. Netcapital has a 1-year low of $0.11 and a 1-year high of $2.73. The company has a 50-day moving average price of $0.13 and a 200-day moving average price of $0.23. The firm has a market capitalization of $2.60 million, a price-to-earnings ratio of -2.60 and a beta of -0.43.

Netcapital (NASDAQ:NCPL) last released its quarterly earnings data on Monday, March 18th. The company reported ($0.19) EPS for the quarter. Netcapital had a negative net margin of 17.74% and a negative return on equity of 3.55%. The company had revenue of $1.04 million during the quarter. On average, analysts expect that Netcapital will post -0.27 earnings per share for the current fiscal year.

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.