Short Interest in NexGel, Inc. (NASDAQ:NXGL) Expands By 175.8%

NexGel, Inc. (NASDAQ:NXGL) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 335,976 shares, a growth of 175.8% from the April 15th total of 121,810 shares. Based on an average trading volume of 543,697 shares, the short-interest ratio is presently 0.6 days. Approximately 4.8% of the company’s shares are short sold.

Institutional Investors Weigh In On NexGel

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Board of Trustees of The Leland Stanford Junior University purchased a new position in shares of NexGel during the 4th quarter valued at approximately $52,000. Jane Street Group LLC bought a new position in NexGel during the 4th quarter valued at $47,000. Susquehanna International Group LLP acquired a new position in NexGel during the 3rd quarter worth $106,000. Citadel Advisors LLC acquired a new position in NexGel during the 3rd quarter worth $67,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of NexGel in the 3rd quarter worth about $26,000. 2.21% of the stock is currently owned by hedge funds and other institutional investors.

NexGel Price Performance

Shares of NXGL stock opened at $0.54 on Friday. The firm has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $1.32. The company has a market capitalization of $4.80 million, a PE ratio of -1.43 and a beta of 0.74. NexGel has a twelve month low of $0.53 and a twelve month high of $2.89. The company has a current ratio of 1.47, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15.

NexGel (NASDAQ:NXGL) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $2.65 million during the quarter, compared to analyst estimates of $3.91 million. NexGel had a negative return on equity of 56.90% and a negative net margin of 26.27%.

Wall Street Analyst Weigh In

NXGL has been the subject of a number of research reports. Maxim Group decreased their price target on shares of NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of NexGel in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.00.

About NexGel

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).