NexGel, Inc. (NASDAQ:NXGL) Sees Significant Decrease in Short Interest

NexGel, Inc. (NASDAQ:NXGL) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 195,747 shares, a drop of 41.7% from the April 30th total of 335,976 shares. Based on an average trading volume of 115,076 shares, the short-interest ratio is currently 1.7 days. Approximately 2.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Maxim Group dropped their price target on shares of NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, NexGel presently has a consensus rating of “Hold” and an average target price of $2.00.

NexGel Trading Down 1.2%

Shares of NXGL stock opened at $0.59 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.70. The stock has a market capitalization of $5.41 million, a P/E ratio of -1.48 and a beta of 0.74. The company has a 50 day moving average price of $0.61 and a 200 day moving average price of $1.16. NexGel has a fifty-two week low of $0.48 and a fifty-two week high of $2.89.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $2.65 million during the quarter, compared to analyst estimates of $3.91 million. NexGel had a negative net margin of 28.54% and a negative return on equity of 64.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in NexGel in the third quarter worth approximately $106,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in NexGel in the fourth quarter worth approximately $52,000. Jane Street Group LLC purchased a new position in NexGel in the fourth quarter worth approximately $47,000. Citadel Advisors LLC purchased a new position in NexGel in the third quarter worth approximately $67,000. Finally, Dimensional Fund Advisors LP purchased a new position in NexGel in the third quarter worth approximately $26,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

About NexGel

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).