Short Interest in NexGel, Inc. (NASDAQ:NXGL) Decreases By 57.5%
by Renee Jackson · The Cerbat GemNexGel, Inc. (NASDAQ:NXGL – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 85,078 shares, a decline of 57.5% from the March 15th total of 200,109 shares. Based on an average trading volume of 142,821 shares, the short-interest ratio is presently 0.6 days. Currently, 1.3% of the shares of the company are sold short.
NexGel Stock Performance
NXGL traded up $0.02 during trading on Monday, reaching $0.59. 70,501 shares of the company’s stock were exchanged, compared to its average volume of 111,636. The company has a quick ratio of 0.75, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.61. The company has a market capitalization of $5.00 million, a P/E ratio of -1.55 and a beta of 0.85. NexGel has a fifty-two week low of $0.56 and a fifty-two week high of $3.02.
NexGel (NASDAQ:NXGL – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $2.80 million for the quarter, compared to analyst estimates of $3.24 million. NexGel had a negative net margin of 26.27% and a negative return on equity of 56.90%.
Institutional Investors Weigh In On NexGel
A number of institutional investors have recently added to or reduced their stakes in the stock. Board of Trustees of The Leland Stanford Junior University acquired a new stake in NexGel during the fourth quarter valued at approximately $52,000. Jane Street Group LLC acquired a new stake in NexGel during the fourth quarter valued at approximately $47,000. Susquehanna International Group LLP acquired a new stake in NexGel during the third quarter valued at approximately $106,000. Citadel Advisors LLC acquired a new stake in NexGel during the third quarter valued at approximately $67,000. Finally, Dimensional Fund Advisors LP acquired a new stake in NexGel during the third quarter valued at approximately $26,000. 2.21% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently issued reports on NXGL. Weiss Ratings restated a “sell (d-)” rating on shares of NexGel in a research report on Thursday, January 22nd. Maxim Group decreased their price target on shares of NexGel from $6.00 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NexGel has an average rating of “Hold” and an average target price of $2.00.
View Our Latest Stock Report on NexGel
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).