Short Interest in NexGel, Inc. (NASDAQ:NXGL) Expands By 104.7%

NexGel, Inc. (NASDAQ:NXGL) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 268,561 shares, a growth of 104.7% from the July 30th total of 131,227 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 565,157 shares, the short-interest ratio is currently 0.5 days.

NexGel Stock Performance

NASDAQ NXGL opened at $0.35 on Monday. NexGel has a 1 year low of $0.30 and a 1 year high of $2.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.43 and a quick ratio of 0.27. The company has a market capitalization of $3.43 million, a PE ratio of -0.50 and a beta of 0.78. The company has a fifty day moving average of $0.45 and a 200 day moving average of $0.65.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.28). The company had revenue of $3.69 million for the quarter, compared to analysts’ expectations of $4.32 million. NexGel had a negative net margin of 51.26% and a negative return on equity of 121.18%.

Hedge Funds Weigh In On NexGel

Several hedge funds and other institutional investors have recently modified their holdings of NXGL. Dimensional Fund Advisors LP purchased a new position in NexGel during the third quarter worth approximately $26,000. Citadel Advisors LLC acquired a new stake in NexGel during the 3rd quarter worth approximately $67,000. Susquehanna International Group LLP acquired a new stake in shares of NexGel in the third quarter valued at $106,000. Jane Street Group LLC purchased a new position in shares of NexGel in the 4th quarter valued at about $47,000. Finally, Board of Trustees of The Leland Stanford Junior University purchased a new position in NexGel in the fourth quarter worth approximately $52,000. 2.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NXGL. Maxim Group downgraded shares of NexGel from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NexGel in a research note on Monday, July 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NexGel has a consensus rating of “Reduce” and an average target price of $2.00.

NexGel Company Profile

NexGel, Inc (NASDAQ: NXGL) is a development-stage materials science company focused on the research and commercialization of advanced polymer formulations tailored for additive manufacturing and 3D printing applications. Leveraging proprietary expertise in polymer chemistry, NexGel develops high-performance materials designed to meet rigorous mechanical, thermal, and chemical resistance requirements across diverse end markets.

The company’s product pipeline includes custom-engineered resins, powders and elastomeric systems optimized for a range of additive manufacturing processes, including selective laser sintering (SLS), stereolithography (SLA) and fused deposition modeling (FDM).