NexGel, Inc. (NASDAQ:NXGL) Short Interest Update

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 200,109 shares, a growth of 4,758.2% from the February 26th total of 4,119 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,243,967 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,243,967 shares, the short-interest ratio is presently 0.2 days. Currently, 3.1% of the shares of the stock are sold short.

Institutional Trading of NexGel

A number of hedge funds and other institutional investors have recently made changes to their positions in NXGL. Dimensional Fund Advisors LP acquired a new stake in NexGel during the third quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of NexGel in the third quarter valued at $59,000. Citadel Advisors LLC bought a new position in shares of NexGel in the third quarter valued at $67,000. Jane Street Group LLC acquired a new stake in shares of NexGel during the 4th quarter valued at $47,000. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of NexGel during the 4th quarter valued at $52,000. 2.21% of the stock is currently owned by institutional investors.

NexGel Price Performance

NexGel stock traded down $0.03 during midday trading on Tuesday, hitting $0.68. The company’s stock had a trading volume of 145,473 shares, compared to its average volume of 278,791. NexGel has a 12 month low of $0.65 and a 12 month high of $3.25. The company has a quick ratio of 1.08, a current ratio of 1.69 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.55 million, a PE ratio of -1.84 and a beta of 0.63. The stock’s 50-day moving average price is $1.24 and its 200-day moving average price is $1.80.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Maxim Group dropped their target price on NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.00.

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).