Short Interest in NexGel, Inc. (NASDAQ:NXGL) Drops By 75.9%
by Michael Walen · The Markets DailyNexGel, Inc. (NASDAQ:NXGL – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 5,503 shares, a decline of 75.9% from the November 30th total of 22,846 shares. Based on an average daily volume of 106,083 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 106,083 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On NexGel
Institutional investors have recently bought and sold shares of the business. Flaharty Asset Management LLC purchased a new stake in shares of NexGel in the first quarter worth approximately $57,000. Evernest Financial Advisors LLC lifted its position in NexGel by 25.1% in the 2nd quarter. Evernest Financial Advisors LLC now owns 281,000 shares of the company’s stock worth $725,000 after buying an additional 56,334 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in shares of NexGel in the second quarter worth $27,000. Dimensional Fund Advisors LP purchased a new stake in shares of NexGel during the third quarter worth $26,000. Finally, Citadel Advisors LLC acquired a new stake in NexGel during the third quarter valued at $67,000. 2.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGel in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Report on NexGel
NexGel Trading Down 3.8%
NASDAQ NXGL traded down $0.06 on Friday, hitting $1.53. 39,541 shares of the company were exchanged, compared to its average volume of 80,416. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.69 and a quick ratio of 1.08. NexGel has a twelve month low of $1.45 and a twelve month high of $4.92. The firm has a market capitalization of $12.45 million, a P/E ratio of -4.14 and a beta of 0.59. The company’s 50 day moving average price is $1.95 and its 200-day moving average price is $2.29.
NexGel (NASDAQ:NXGL – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). NexGel had a negative net margin of 24.69% and a negative return on equity of 47.35%. The business had revenue of $2.93 million for the quarter, compared to analyst estimates of $3.16 million.
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).