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

NexGel, Inc. (NASDAQ:NXGL) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,393 shares, an increase of 104.0% from the January 29th total of 1,173 shares. Based on an average trading volume of 52,756 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 52,756 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of NexGel

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new position in shares of NexGel during the third quarter worth about $26,000. Malaga Cove Capital LLC purchased a new stake in shares of NexGel during the 2nd quarter worth $27,000. Jane Street Group LLC purchased a new stake in shares of NexGel during the 4th quarter worth $47,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of NexGel during the fourth quarter worth $52,000. Finally, Flaharty Asset Management LLC acquired a new stake in NexGel in the third quarter valued at $59,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

NexGel Stock Down 3.3%

Shares of NASDAQ NXGL traded down $0.04 during midday trading on Friday, hitting $1.16. The company’s stock had a trading volume of 21,413 shares, compared to its average volume of 39,248. 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 firm has a market capitalization of $9.44 million, a price-to-earnings ratio of -3.14 and a beta of 0.59. The business’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $1.98. NexGel has a 1 year low of $1.11 and a 1 year high of $3.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NexGel in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently 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).