Short Interest in NexGel, Inc. (NASDAQ:NXGL) Decreases By 45.5%

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 106,691 shares, a decrease of 45.5% from the May 14th total of 195,747 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 172,013 shares, the short-interest ratio is currently 0.6 days.

NexGel Price Performance

Shares of NXGL traded down $0.00 during midday trading on Tuesday, hitting $0.53. 101,652 shares of the company traded hands, compared to its average volume of 246,415. The stock has a market cap of $4.90 million, a price-to-earnings ratio of -1.33 and a beta of 0.74. The firm has a 50 day moving average of $0.59 and a 200-day moving average of $1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.70. NexGel has a 52 week low of $0.48 and a 52 week high of $2.89.

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

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 note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NexGel presently has a consensus rating of “Hold” and an average price target of $2.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new stake in NexGel during the 3rd quarter valued at $26,000. Jane Street Group LLC bought a new stake in NexGel in the fourth quarter worth about $47,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of NexGel during the fourth quarter valued at approximately $52,000. Citadel Advisors LLC bought a new stake in shares of NexGel during the third quarter valued at approximately $67,000. Finally, Susquehanna International Group LLP bought a new stake in shares of NexGel during the third quarter valued at approximately $106,000. Hedge funds and other institutional investors 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).