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

NexGel, Inc. (NASDAQ:NXGL – Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 268,561 shares, a growth of 104.7% from the July 30th total of 131,227 shares. Based on an average daily volume of 565,157 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Maxim Group lowered 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 research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NexGel currently has a consensus rating of “Reduce” and a consensus price target of $2.00.

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Institutional Trading of NexGel

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new position in NexGel during the third quarter worth about $26,000. Citadel Advisors LLC bought a new position in NexGel in the 3rd quarter valued at approximately $67,000. Jane Street Group LLC acquired a new stake in NexGel in the fourth quarter valued at approximately $47,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of NexGel during the fourth quarter worth $52,000. Finally, Susquehanna International Group LLP acquired a new position in shares of NexGel during the third quarter worth $106,000. 2.21% of the stock is owned by institutional investors and hedge funds.

NexGel Price Performance

NXGL traded up $0.00 on Friday, hitting $0.35. 195,311 shares of the stock were exchanged, compared to its average volume of 1,754,712. The company has a current ratio of 0.43, a quick ratio of 0.27 and a debt-to-equity ratio of 0.68. NexGel has a 12 month low of $0.30 and a 12 month high of $2.89. The business has a 50-day moving average of $0.45 and a two-hundred day moving average of $0.65.

NexGel (NASDAQ:NXGL – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.28). The firm had revenue of $3.69 million during the quarter, compared to analyst estimates of $4.32 million. NexGel had a negative net margin of 51.26% and a negative return on equity of 121.18%.

NexGel Company Profile

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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).

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