NexGel, Inc. (NASDAQ:NXGL) Short Interest Up 55.2% in December

NexGel, Inc. (NASDAQ:NXGL) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 8,539 shares, an increase of 55.2% from the December 15th total of 5,503 shares. Based on an average trading volume of 59,368 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 59,368 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On NexGel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXGL. Dimensional Fund Advisors LP purchased a new stake in NexGel in the third quarter worth about $26,000. Malaga Cove Capital LLC bought a new stake in shares of NexGel in the 2nd quarter valued at about $27,000. Flaharty Asset Management LLC acquired a new stake in NexGel in the third quarter worth about $59,000. Citadel Advisors LLC acquired a new position in shares of NexGel during the third quarter valued at about $67,000. Finally, Susquehanna International Group LLP acquired a new stake in NexGel in the 3rd quarter worth approximately $106,000. Institutional investors own 2.21% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

NexGel Stock Performance

NXGL traded down $0.13 during mid-day trading on Friday, reaching $1.61. 21,783 shares of the company traded hands, compared to its average volume of 32,089. The company has a quick ratio of 1.08, a current ratio of 1.69 and a debt-to-equity ratio of 0.14. NexGel has a 52-week low of $1.45 and a 52-week high of $4.00. The stock has a market capitalization of $13.11 million, a P/E ratio of -4.35 and a beta of 0.60. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $2.22.

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

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).