Sol-Gel Technologies Ltd. (NASDAQ:SLGL) Short Interest Up 148.8% in December

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 220,700 shares, an increase of 148.8% from the December 15th total of 88,700 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 470,100 shares, the days-to-cover ratio is currently 0.5 days.

Sol-Gel Technologies Price Performance

NASDAQ SLGL traded down $0.09 during mid-day trading on Thursday, reaching $1.21. 132,815 shares of the stock were exchanged, compared to its average volume of 564,422. The stock has a market cap of $33.80 million, a P/E ratio of -3.57 and a beta of 1.34. The stock has a 50 day simple moving average of $0.75 and a 200-day simple moving average of $0.68. Sol-Gel Technologies has a one year low of $0.33 and a one year high of $1.65.

Sol-Gel Technologies Company Profile

Sol-Gel Technologies Ltd., together with its subsidiary Sol-Gel Technologies Inc, develops topical dermatological drugs for patients with severe skin conditions in Israel. The company offers Twyneo, a once-daily, non-antibiotic topical cream for the treatment of acne vulgaris; and Epsolay, a once-daily topical cream for the treatment of papulopustular (subtype II) rosacea.