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

NexGel, Inc. (NASDAQ:NXGL) saw a large decrease in short interest during the month of 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. Based on an average daily volume of 130,920 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the company’s stock are short sold.

NexGel Stock Down 4.1%

Shares of NASDAQ NXGL traded down $0.02 during midday trading on Tuesday, hitting $0.50. 191,193 shares of the company’s stock were exchanged, compared to its average volume of 296,791. The firm’s fifty day simple moving average is $0.58 and its 200-day simple moving average is $1.00. The company has a market cap of $4.62 million, a PE ratio of -1.25 and a beta of 0.74. NexGel has a twelve month low of $0.48 and a twelve month high of $2.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.02.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) 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%.

Wall Street Analyst Weigh In

Separately, Maxim Group reduced their price objective on shares of NexGel from $6.00 to $2.00 and set a “buy” rating on the stock 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.00.

Institutional Investors Weigh In On NexGel

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

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).