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

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,173 shares, a decrease of 87.0% from the January 15th total of 9,023 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 37,621 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 37,621 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

NexGel Stock Performance

NexGel stock opened at $1.38 on Wednesday. The business has a 50 day moving average of $1.57 and a 200-day moving average of $2.07. NexGel has a 1 year low of $1.18 and a 1 year high of $3.66. The company has a market capitalization of $11.22 million, a P/E ratio of -3.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.69 and a quick ratio of 1.08.

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

Analysts Set New Price Targets

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

Institutional Trading of NexGel

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

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).