Short Interest in NexGel, Inc. (NASDAQ:NXGL) Expands By 104.7%

NexGel, Inc. (NASDAQ:NXGL) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 268,561 shares, a growth of 104.7% from the July 30th total of 131,227 shares. Approximately 3.6% of the shares of the company are sold short. Based on an average trading volume of 565,157 shares, the short-interest ratio is presently 0.5 days.

NexGel Trading Up 0.6%

Shares of NexGel stock opened at $0.35 on Friday. The company’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $0.65. The stock has a market capitalization of $3.43 million, a PE ratio of -0.50 and a beta of 0.78. NexGel has a 1-year low of $0.30 and a 1-year high of $2.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.43 and a quick ratio of 0.27.

NexGel (NASDAQ:NXGL) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.28). The company had revenue of $3.69 million during the quarter, compared to analysts’ expectations of $4.32 million. NexGel had a negative return on equity of 121.18% and a negative net margin of 51.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NXGL. Weiss Ratings reiterated a “sell (e+)” rating on shares of NexGel in a research note on Monday, July 13th. Maxim Group downgraded shares of NexGel from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $2.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NXGL. Empery Asset Management LP bought a new position in shares of NexGel during the 2nd quarter valued at approximately $3,474,000. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of NexGel in the fourth quarter worth approximately $52,000. Jane Street Group LLC purchased a new stake in shares of NexGel in the fourth quarter worth $47,000. Susquehanna International Group LLP purchased a new stake in shares of NexGel in the third quarter worth $106,000. Finally, Citadel Advisors LLC bought a new stake in shares of NexGel during the 3rd quarter valued at $67,000. Institutional investors own 2.21% of the company’s stock.

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).