Examining the Latest Short Interest in Netcapital Inc

Netcapital Inc (NYSE: NCPL) Sees Significant Increase in Short Interest

Netcapital Inc has experienced a notable surge in short interest, with the percentage of shares sold short rising by 154.8% since the previous report. Recent exchange data shows that 639,000 shares are currently being shorted, representing 10.09% of the company’s available float. At the current trading volume, it would take traders approximately one day on average to cover these short positions.

Understanding the Importance of Short Interest

Short interest refers to the total number of shares that have been sold short but have not yet been repurchased or closed. Short selling is a strategy where investors sell shares they do not own, anticipating a decline in the stock’s price. If the price drops, short sellers can profit; if it rises, they face losses.

Monitoring short interest is valuable because it provides insight into market sentiment for a particular stock. A rising short interest often suggests that investors are becoming more pessimistic, while a decline may indicate growing optimism.

Short Interest Trends for Netcapital Inc Over the Past Three Months

The chart above illustrates the upward trend in the percentage of Netcapital Inc shares being shorted since the last report. While this increase does not guarantee a near-term decline in the stock’s price, it is an important factor for traders to consider as it reflects heightened short-selling activity.

How Netcapital Inc's Short Interest Compares to Its Industry Peers

Analysts and investors often use peer comparison to evaluate a company’s performance. Peers are typically companies with similar characteristics, such as industry, size, and financial structure. You can identify a company’s peer group by reviewing regulatory filings or conducting your own analysis.

According to Benzinga Pro, the average short interest as a percentage of float among Netcapital Inc’s peers is 0.77%. This means Netcapital Inc currently has a substantially higher short interest than most comparable companies.

Netcapital Inc Stock Snapshot

• Ticker: NCPL
• Company Name: Netcapital Inc
• Current Price: $0.8000
• Price Change: +8.04%

View full overview