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

NexGel, Inc. (NASDAQ:NXGL) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,173 shares, a decrease 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 company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 37,621 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Evernest Financial Advisors LLC boosted its holdings in shares of NexGel by 25.1% during the second quarter. Evernest Financial Advisors LLC now owns 281,000 shares of the company’s stock worth $725,000 after acquiring an additional 56,334 shares during the period. Malaga Cove Capital LLC acquired a new position in NexGel in the 2nd quarter valued at $27,000. Flaharty Asset Management LLC bought a new position in NexGel during the 3rd quarter worth $59,000. Dimensional Fund Advisors LP acquired a new stake in shares of NexGel during the third quarter worth $26,000. Finally, Citadel Advisors LLC bought a new stake in shares of NexGel in the third quarter valued at about $67,000. 2.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

NexGel Stock Up 2.3%

Shares of NASDAQ:NXGL traded up $0.03 during midday trading on Tuesday, hitting $1.32. The stock had a trading volume of 111,688 shares, compared to its average volume of 37,889. The company has a market cap of $10.74 million, a P/E ratio of -3.57 and a beta of 0.59. NexGel has a 12 month low of $1.18 and a 12 month high of $3.66. The business’s 50-day simple moving average is $1.57 and its 200-day simple moving average is $2.07. The company has a quick ratio of 1.08, a current ratio of 1.69 and a debt-to-equity ratio of 0.14.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share 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 return on equity of 47.35% and a negative net margin of 24.69%.

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).