NexGel, Inc. (NASDAQ:NXGL) Short Interest Up 333.8% in June

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 176,789 shares, a growth of 333.8% from the June 15th total of 40,752 shares. Based on an average daily trading volume, of 830,784 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.5% of the company’s stock are sold short.

NexGel Stock Performance

NXGL traded down $0.00 during trading hours on Tuesday, hitting $0.47. The company’s stock had a trading volume of 13,695 shares, compared to its average volume of 288,544. The company has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.92. NexGel has a fifty-two week low of $0.46 and a fifty-two week high of $2.89. The firm has a market capitalization of $4.34 million, a PE ratio of -1.17 and a beta of 0.76. The company has a current ratio of 1.70, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

NexGel (NASDAQ:NXGL) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.91 million.

Institutional Investors Weigh In On NexGel

Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in shares of NexGel in the third quarter valued at approximately $106,000. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of NexGel in the fourth quarter valued at $52,000. Jane Street Group LLC purchased a new position in shares of NexGel during the 4th quarter valued at $47,000. Citadel Advisors LLC bought a new stake in NexGel during the third quarter valued at approximately $67,000. Finally, Dimensional Fund Advisors LP bought a new stake in NexGel in the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 2.21% of the company’s stock.

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).