NexGel, Inc. (NASDAQ:NXGL) Stock Short Interest Report for September

NexGel, Inc. (NASDAQ:NXGL) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 322,449 shares, a growth of 63.4% from the September 15th total of 197,339 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 588,839 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NexGel stock. Empery Asset Management LP bought a new position in NexGel, Inc. (NASDAQ:NXGL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 90,000 shares of the company’s stock, valued at approximately $3,474,000. Empery Asset Management LP owned about 0.98% of NexGel at the end of the most recent reporting period. 2.21% of the stock is owned by hedge funds and other institutional investors.

NexGel Stock Performance

NASDAQ NXGL traded up $0.41 on Friday, hitting $5.59. The stock had a trading volume of 54,321 shares, compared to its average volume of 237,501. The stock has a market cap of $2.74 million, a price-to-earnings ratio of -0.39 and a beta of 0.82. The company has a quick ratio of 0.27, a current ratio of 0.43 and a debt-to-equity ratio of 0.68. NexGel has a one year low of $3.00 and a one year high of $57.00. The company’s 50-day moving average is $5.87 and its two-hundred day moving average is $9.20.

NexGel (NASDAQ:NXGL) last issued its quarterly earnings data on Friday, August 14th. The company reported ($8.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.40) by ($5.60). The company had revenue of $3.69 million for the quarter, compared to the consensus estimate of $4.32 million. NexGel had a negative net margin of 51.26% and a negative return on equity of 121.18%. On average, analysts expect that NexGel will post -18.80 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on NXGL. Weiss Ratings reissued a “sell (e+)” rating on shares of NexGel in a report on Friday, October 9th. Maxim Group lowered shares of NexGel from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Finally, Zacks Research raised shares of NexGel to a “hold” rating in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NexGel currently has an average rating of “Reduce” and a consensus price target of $40.00.

NexGel Company Profile

NexGel, Inc is a specialty materials company that develops and manufactures high-water-content hydrogels. Its products are designed to provide cooling, cushioning, conductivity, and moisture management for use in healthcare, consumer, and industrial applications.

The company’s hydrogel products are used in areas such as wound care, burn treatment, medical electrodes, ultrasound and other diagnostic procedures, radiation therapy, and skin-contact applications. NexGel also offers hydrogel-based products for consumer and personal-care uses, including soothing and moisturizing applications.

NexGel manufactures its products in the United States and serves customers through business-to-business relationships, including medical-product manufacturers and other commercial partners.