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

Posted by Francis Steltz on Jun 3rd, 2026

NexGel, Inc. (NASDAQ:NXGL – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 195,747 shares, a drop of 41.7% from the April 30th total of 335,976 shares. Based on an average daily volume of 115,076 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Maxim Group dropped their target price on shares of NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $2.00.

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Institutional Investors Weigh In On NexGel

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new stake in shares of NexGel during the third quarter valued at about $26,000. Citadel Advisors LLC acquired a new stake in shares of NexGel during the third quarter valued at about $67,000. Jane Street Group LLC acquired a new stake in shares of NexGel during the fourth quarter valued at about $47,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of NexGel during the fourth quarter valued at about $52,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of NexGel during the third quarter valued at about $106,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

NexGel Trading Down 1.2%

Shares of NexGel stock opened at $0.59 on Tuesday. The company’s fifty day simple moving average is $0.61 and its 200-day simple moving average is $1.16. The stock has a market capitalization of $5.41 million, a PE ratio of -1.48 and a beta of 0.74. NexGel has a 1-year low of $0.48 and a 1-year high of $2.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.02.

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

About NexGel

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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).