NexGel, Inc. (NASDAQ:NXGL) Short Interest Down 87.0% in January

NexGel, Inc. (NASDAQ:NXGL) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,173 shares, a decline of 87.0% from the January 15th total of 9,023 shares. Based on an average daily volume of 37,621 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 37,621 shares, the days-to-cover ratio is currently 0.0 days.

NexGel Price Performance

Shares of NASDAQ NXGL traded up $0.03 during mid-day trading on Tuesday, reaching $1.32. The company had a trading volume of 111,688 shares, compared to its average volume of 37,889. The firm has a market cap of $10.74 million, a price-to-earnings ratio of -3.57 and a beta of 0.59. The business’s 50-day simple moving average is $1.57 and its 200 day simple moving average is $2.07. NexGel has a one year low of $1.18 and a one year high of $3.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.69.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new stake in shares of NexGel in the 3rd quarter valued at $26,000. Malaga Cove Capital LLC bought a new stake in shares of NexGel during the 2nd quarter worth $27,000. Flaharty Asset Management LLC acquired a new stake in NexGel in the third quarter valued at about $59,000. Citadel Advisors LLC acquired a new stake in NexGel in the third quarter valued at about $67,000. Finally, Susquehanna International Group LLP bought a new position in NexGel in the third quarter valued at about $106,000. 2.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NexGel has a consensus 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).