NexGel, Inc. (NASDAQ:NXGL) Short Interest Update

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 40,752 shares, a decrease of 61.8% from the May 31st total of 106,691 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 130,920 shares, the short-interest ratio is currently 0.3 days.

NexGel Price Performance

Shares of NASDAQ:NXGL traded up $0.00 during midday trading on Monday, reaching $0.52. 183,303 shares of the company’s stock were exchanged, compared to its average volume of 479,922. 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 company’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $1.00. NexGel has a 12 month low of $0.48 and a 12 month high of $2.89. The firm has a market capitalization of $4.82 million, a PE ratio of -1.31 and a beta of 0.74.

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Maxim Group reduced their price objective on 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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).