Short Interest in NexGel, Inc. (NASDAQ:NXGL) Drops By 61.8%

NexGel, Inc. (NASDAQ:NXGL) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 40,752 shares, a decline of 61.8% from the May 31st total of 106,691 shares. Based on an average daily volume of 130,920 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP acquired a new position in shares of NexGel during the third quarter worth approximately $26,000. Citadel Advisors LLC acquired a new stake in shares of NexGel in the third quarter worth $67,000. Jane Street Group LLC acquired a new stake in shares of NexGel in the fourth quarter worth $47,000. Board of Trustees of The Leland Stanford Junior University bought a new position in NexGel during the fourth quarter worth $52,000. Finally, Susquehanna International Group LLP acquired a new position in NexGel during the 3rd quarter valued at $106,000. 2.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group lowered their target price on shares of NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.00.

NexGel Stock Up 1.0%

NexGel stock opened at $0.52 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.70 and a quick ratio of 1.02. NexGel has a fifty-two week low of $0.48 and a fifty-two week high of $2.89. The firm has a fifty day moving average price of $0.58 and a two-hundred day moving average price of $1.01. The firm has a market cap of $4.80 million, a price-to-earnings ratio of -1.30 and a beta of 0.74.

NexGel (NASDAQ:NXGL) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS 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 the consensus estimate of $3.91 million.

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).