Short Interest in NexGel, Inc. (NASDAQ:NXGL) Increases By 43.2%

NexGel, Inc. (NASDAQ:NXGL) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 121,810 shares, an increase of 43.2% from the March 31st total of 85,078 shares. Based on an average daily trading volume, of 151,076 shares, the short-interest ratio is currently 0.8 days. Currently, 1.8% of the company’s stock are short sold.

Hedge Funds Weigh In On NexGel

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new position in NexGel in the third quarter valued at $26,000. Flaharty Asset Management LLC purchased a new position in NexGel in the third quarter valued at $59,000. Citadel Advisors LLC purchased a new position in NexGel in the third quarter valued at $67,000. Jane Street Group LLC purchased a new position in NexGel in the fourth quarter valued at $47,000. Finally, Board of Trustees of The Leland Stanford Junior University purchased a new position in NexGel in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

NexGel Stock Down 1.6%

NexGel stock traded down $0.01 during trading on Thursday, reaching $0.59. The stock had a trading volume of 92,297 shares, compared to its average volume of 288,784. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. NexGel has a 52-week low of $0.56 and a 52-week high of $2.97. The stock has a market cap of $5.00 million, a PE ratio of -1.55 and a beta of 0.85. The business has a 50 day moving average price of $0.80 and a 200 day moving average price of $1.45.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The firm had revenue of $2.80 million during the quarter, compared to analysts’ expectations of $3.24 million. NexGel had a negative net margin of 26.27% and a negative return on equity of 56.90%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. Maxim Group decreased their target price on NexGel from $6.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexGel presently has an average rating of “Hold” and a consensus price target of $2.00.

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).