Short Interest in NexGel, Inc. (NASDAQ:NXGL) Expands By 333.8%

NexGel, Inc. (NASDAQ:NXGL) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 176,789 shares, a growth of 333.8% from the June 15th total of 40,752 shares. Based on an average daily trading volume, of 830,784 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.5% of the company’s stock are short sold.

NexGel Stock Up 0.7%

Shares of NXGL traded up $0.00 during mid-day trading on Friday, hitting $0.52. The company’s stock had a trading volume of 58,366 shares, compared to its average volume of 515,364. The company has a current ratio of 1.70, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average is $0.56 and its 200-day moving average is $0.93. NexGel has a 52-week low of $0.48 and a 52-week high of $2.89. The firm has a market capitalization of $4.78 million, a price-to-earnings ratio of -1.29 and a beta of 0.76.

NexGel (NASDAQ:NXGL) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The business had revenue of $2.65 million for the quarter, compared to analysts’ expectations of $3.91 million. NexGel had a negative net margin of 28.54% and a negative return on equity of 64.29%.

Institutional Investors Weigh In On NexGel

A number of hedge funds have recently made changes to their positions in NXGL. Dimensional Fund Advisors LP purchased a new position in NexGel in the third quarter valued at about $26,000. Jane Street Group LLC bought a new stake in shares of NexGel in the 4th quarter valued at about $47,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of NexGel in the 4th quarter valued at about $52,000. Citadel Advisors LLC purchased a new position in shares of NexGel in the 3rd quarter worth approximately $67,000. Finally, Susquehanna International Group LLP bought a new position in shares of NexGel during the 3rd quarter worth approximately $106,000. 2.21% of the stock is currently owned by hedge funds and other institutional investors.

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).