Short Interest in NexGel, Inc. (NASDAQ:NXGL) Expands By 333.8%

NexGel, Inc. (NASDAQ:NXGL) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 176,789 shares, a growth of 333.8% from the June 15th total of 40,752 shares. Based on an average daily volume of 830,784 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.5% of the company’s stock are short sold.

Institutional Investors Weigh In On NexGel

Several institutional investors have recently added to or reduced their stakes in NXGL. Susquehanna International Group LLP purchased a new stake in NexGel in the third quarter valued at approximately $106,000. Citadel Advisors LLC purchased a new position in NexGel during the 3rd quarter worth approximately $67,000. Jane Street Group LLC acquired a new stake in NexGel during the 4th quarter valued at approximately $47,000. Dimensional Fund Advisors LP acquired a new stake in NexGel during the 3rd quarter valued at approximately $26,000. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new stake in NexGel during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 2.21% of the company’s stock.

NexGel Stock Up 0.7%

Shares of NXGL traded up $0.00 during midday trading on Friday, hitting $0.52. 58,366 shares of the company’s stock traded hands, compared to its average volume of 515,364. NexGel has a 1 year low of $0.48 and a 1 year high of $2.89. The firm’s fifty day moving average is $0.56 and its 200-day moving average is $0.93. The company has a current ratio of 1.70, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.78 million, a price-to-earnings ratio of -1.29 and a beta of 0.76.

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

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).