Short Interest in NexGel, Inc. (NASDAQ:NXGL) Drops By 41.7%

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 195,747 shares, a decrease of 41.7% from the April 30th total of 335,976 shares. Based on an average daily volume of 115,076 shares, the short-interest ratio is presently 1.7 days. Approximately 2.7% of the company’s stock are short sold.

NexGel Stock Up 1.2%

Shares of NexGel stock traded up $0.01 during trading hours on Thursday, hitting $0.59. 34,235 shares of the company’s stock traded hands, compared to its average volume of 251,864. The stock has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $1.14. The company has a quick ratio of 1.02, a current ratio of 1.70 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.41 million, a PE ratio of -1.48 and a beta of 0.74. NexGel has a twelve month low of $0.48 and a twelve month high of $2.89.

NexGel (NASDAQ:NXGL) last announced its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The business had revenue of $2.65 million for 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%.

Analyst Ratings Changes

Separately, Maxim Group lowered their price target on NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.00.

Institutional Trading of NexGel

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

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).