NexGel, Inc. (NASDAQ:NXGL) Short Interest Update

NexGel, Inc. (NASDAQ:NXGL) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,539 shares, an increase of 55.2% from the December 15th total of 5,503 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 59,368 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 59,368 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

NexGel Trading Down 7.5%

NXGL stock traded down $0.13 during trading on Friday, reaching $1.61. The company had a trading volume of 21,783 shares, compared to its average volume of 32,089. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.69 and a quick ratio of 1.08. NexGel has a 52 week low of $1.45 and a 52 week high of $4.00. The business has a 50 day moving average of $1.72 and a 200 day moving average of $2.22. The company has a market cap of $13.11 million, a P/E ratio of -4.35 and a beta of 0.60.

NexGel (NASDAQ:NXGL) last announced its earnings results on Wednesday, November 12th. The company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). NexGel had a negative net margin of 24.69% and a negative return on equity of 47.35%. The firm had revenue of $2.93 million for the quarter, compared to analysts’ expectations of $3.16 million.

Institutional Investors Weigh In On NexGel

Several hedge funds have recently added to or reduced their stakes in the stock. Evernest Financial Advisors LLC raised its position in shares of NexGel by 25.1% in the 2nd quarter. Evernest Financial Advisors LLC now owns 281,000 shares of the company’s stock worth $725,000 after purchasing an additional 56,334 shares during the last quarter. Susquehanna International Group LLP bought a new stake in NexGel during the 3rd quarter valued at about $106,000. Citadel Advisors LLC bought a new stake in NexGel during the 3rd quarter valued at about $67,000. Flaharty Asset Management LLC purchased a new position in NexGel in the third quarter worth about $59,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of NexGel in the third quarter worth approximately $26,000. 2.21% of the stock is owned by institutional investors.

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).