NexGel, Inc. (NASDAQ:NXGL) Short Interest Down 87.0% in January

NexGel, Inc. (NASDAQ:NXGL) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,173 shares, a decline of 87.0% from the January 15th total of 9,023 shares. Based on an average trading volume of 37,621 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 37,621 shares, the short-interest ratio is currently 0.0 days.

NexGel Stock Performance

NexGel stock traded down $0.09 during mid-day trading on Thursday, reaching $1.31. 25,457 shares of the stock traded hands, compared to its average volume of 42,264. NexGel has a 12-month low of $1.18 and a 12-month high of $3.66. The business’s 50-day moving average is $1.57 and its 200-day moving average is $2.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.69 and a quick ratio of 1.08. The stock has a market capitalization of $10.66 million, a PE ratio of -3.54 and a beta of 0.59.

NexGel (NASDAQ:NXGL) last announced its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). NexGel had a negative net margin of 24.69% and a negative return on equity of 47.35%. The company had revenue of $2.93 million during the quarter, compared to analyst estimates of $3.16 million.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of NexGel during the fourth quarter valued at approximately $47,000. Susquehanna International Group LLP purchased a new position in shares of NexGel in the 3rd quarter valued at $106,000. Citadel Advisors LLC bought a new position in NexGel in the third quarter worth about $67,000. Dimensional Fund Advisors LP bought a new position in shares of NexGel during the 3rd quarter worth approximately $26,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of NexGel during the 3rd quarter valued at $59,000. Institutional investors own 2.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NexGel currently has an average rating of “Sell”.

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).