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

NexGel, Inc. (NASDAQ:NXGL) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 197,339 shares, a decrease of 50.1% from the August 31st total of 395,627 shares. Based on an average trading volume of 243,093 shares, the short-interest ratio is presently 0.8 days. Currently, 2.5% of the shares of the stock are short sold.

Institutional Trading of NexGel

A hedge fund recently bought a new position in NexGel stock. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of NexGel, Inc. (NASDAQ:NXGL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 32,500 shares of the company’s stock, valued at approximately $52,000. NexGel accounts for approximately 0.0% of Board of Trustees of The Leland Stanford Junior University’s portfolio, making the stock its 19th largest holding. Board of Trustees of The Leland Stanford Junior University owned 0.40% of NexGel at the end of the most recent reporting period. Institutional investors own 2.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NXGL. Maxim Group cut NexGel from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings restated a “sell (e+)” rating on shares of NexGel in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $2.00.

NexGel Trading Up 0.7%

Shares of NASDAQ NXGL traded up $0.00 during midday trading on Thursday, reaching $0.17. The stock had a trading volume of 246,924 shares, compared to its average volume of 443,502. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.27 and a current ratio of 0.43. The firm has a market cap of $1.70 million, a price-to-earnings ratio of -0.25 and a beta of 0.76. The company’s 50 day moving average price is $0.35 and its 200 day moving average price is $0.50. NexGel has a twelve month low of $0.16 and a twelve month high of $2.89.

NexGel (NASDAQ:NXGL) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.28). NexGel had a negative return on equity of 121.18% and a negative net margin of 51.26%.The business had revenue of $3.69 million during the quarter, compared to the consensus estimate of $4.32 million.

About NexGel

NexGel, Inc develops and manufactures high-water-content, electron-beam-crosslinked aqueous polymer hydrogels. Its products are designed to provide electrical conductivity, moisture retention, cushioning, and cooling for a range of medical, consumer, and industrial applications.

The company’s hydrogel products are used in medical electrodes for applications such as electrocardiography, neuromuscular stimulation, and defibrillation, as well as in ultrasound procedures. NexGel also supplies nonconductive hydrogels for wound care, burn care, scar treatment, and cosmetic products, along with specialized formulations for veterinary and other commercial uses.

Based in Langhorne, Pennsylvania, NexGel serves customers through business-to-business relationships with medical-device manufacturers and other product companies.