Short Interest in Netcapital Inc. (NASDAQ:NCPL) Decreases By 67.4%

Netcapital Inc. (NASDAQ:NCPL) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 298,500 shares, a decline of 67.4% from the June 30th total of 914,600 shares. Based on an average daily volume of 12,650,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Trading of Netcapital

An institutional investor recently bought a new position in Netcapital stock. Armistice Capital LLC acquired a new position in Netcapital Inc. (NASDAQ:NCPL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned about 6.03% of Netcapital as of its most recent SEC filing. 30.69% of the stock is currently owned by hedge funds and other institutional investors.

Netcapital Price Performance

Shares of NCPL remained flat at $0.10 during mid-day trading on Thursday. The stock had a trading volume of 4,750,860 shares, compared to its average volume of 6,095,670. The stock’s 50 day moving average is $0.12 and its 200-day moving average is $0.14. Netcapital has a 12-month low of $0.09 and a 12-month high of $0.72. The stock has a market capitalization of $1.91 million, a P/E ratio of -1.91 and a beta of -0.54.

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.