NexGel, Inc. (NASDAQ:NXGL) Short Interest Up 55.2% in December

NexGel, Inc. (NASDAQ:NXGL) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 8,539 shares, a growth of 55.2% from the December 15th total of 5,503 shares. Based on an average daily trading volume, of 59,368 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 59,368 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On NexGel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in shares of NexGel in the third quarter worth approximately $106,000. Citadel Advisors LLC acquired a new stake in NexGel during the 3rd quarter worth $67,000. Dimensional Fund Advisors LP acquired a new stake in NexGel during the 3rd quarter worth $26,000. Flaharty Asset Management LLC purchased a new stake in shares of NexGel during the third quarter worth $59,000. Finally, Malaga Cove Capital LLC acquired a new stake in shares of NexGel in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

NexGel Price Performance

NASDAQ NXGL traded down $0.13 on Friday, hitting $1.61. The company had a trading volume of 21,783 shares, compared to its average volume of 34,672. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.69 and a quick ratio of 1.08. The company’s fifty day moving average price is $1.71 and its 200-day moving average price is $2.21. The company has a market capitalization of $13.11 million, a PE ratio of -4.35 and a beta of 0.60. NexGel has a 12-month low of $1.45 and a 12-month high of $4.00.

NexGel (NASDAQ:NXGL) last announced its earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). NexGel had a negative net margin of 24.69% and a negative return on equity of 47.35%. The business had revenue of $2.93 million for the quarter, compared to analyst estimates of $3.16 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NexGel in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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).