Short Interest in NexGel, Inc. (NASDAQ:NXGL) Expands By 175.8%

NexGel, Inc. (NASDAQ:NXGL) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 335,976 shares, an increase of 175.8% from the April 15th total of 121,810 shares. Based on an average daily trading volume, of 543,697 shares, the short-interest ratio is presently 0.6 days. Approximately 4.8% of the shares of the company are short sold.

Institutional Investors Weigh In On NexGel

A number of hedge funds have recently added to or reduced their stakes in NXGL. Dimensional Fund Advisors LP acquired a new position in shares of NexGel during the third quarter valued at $26,000. Jane Street Group LLC acquired a new position in NexGel during the 4th quarter valued at about $47,000. Board of Trustees of The Leland Stanford Junior University bought a new position in NexGel in the 4th quarter worth about $52,000. Flaharty Asset Management LLC acquired a new stake in shares of NexGel in the third quarter valued at approximately $59,000. Finally, Citadel Advisors LLC bought a new stake in shares of NexGel during the third quarter valued at approximately $67,000. 2.21% of the stock is currently owned by institutional investors.

NexGel Stock Performance

Shares of NASDAQ NXGL opened at $0.54 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $0.70 and its two-hundred day moving average price is $1.32. NexGel has a 52-week low of $0.53 and a 52-week high of $2.89. The stock has a market capitalization of $4.80 million, a P/E ratio of -1.43 and a beta of 0.74.

NexGel (NASDAQ:NXGL) last posted its earnings results on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $2.65 million for the quarter, compared to the consensus estimate of $3.91 million. NexGel had a negative net margin of 26.27% and a negative return on equity of 56.90%.

Wall Street Analysts Forecast Growth

NXGL has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a report on Thursday, January 22nd. Maxim Group decreased their price objective on shares of NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.00.

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).