NexGel, Inc. (NASDAQ:NXGL) Sees Significant Decrease in Short Interest

NexGel, Inc. (NASDAQ:NXGL) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 106,691 shares, a decrease of 45.5% from the May 14th total of 195,747 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 172,013 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Maxim Group cut their target price on shares of NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NXGL. Susquehanna International Group LLP bought a new position in shares of NexGel in the third quarter valued at $106,000. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of NexGel in the fourth quarter valued at $52,000. Jane Street Group LLC bought a new position in shares of NexGel in the fourth quarter valued at $47,000. Citadel Advisors LLC bought a new position in shares of NexGel in the third quarter valued at $67,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of NexGel in the third quarter valued at $26,000. 2.21% of the stock is owned by institutional investors.

NexGel Stock Down 2.9%

NASDAQ NXGL traded down $0.02 on Monday, hitting $0.54. 296,304 shares of the company were exchanged, compared to its average volume of 136,321. NexGel has a 12 month low of $0.48 and a 12 month high of $2.89. The company has a market cap of $4.94 million, a PE ratio of -1.34 and a beta of 0.74. The stock has a fifty day moving average of $0.59 and a 200-day moving average of $1.08. The company has a current ratio of 1.70, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

NexGel (NASDAQ:NXGL) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). NexGel had a negative net margin of 28.54% and a negative return on equity of 64.29%. The business had revenue of $2.65 million during the quarter, compared to the consensus estimate of $3.91 million.

NexGel Company Profile

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).