NEXGEL, Inc. (NASDAQ:NXGLW) Sees Significant Increase in Short Interest

NEXGEL, Inc. (NASDAQ:NXGLW) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,743 shares, an increase of 1,294.4% from the June 15th total of 125 shares. Based on an average daily volume of 27,665 shares, the short-interest ratio is currently 0.1 days.

NEXGEL Stock Performance

Shares of NXGLW traded up $0.00 during mid-day trading on Friday, reaching $0.03. 42,885 shares of the company’s stock traded hands, compared to its average volume of 14,812. The business’s 50-day moving average price is $0.04 and its 200-day moving average price is $0.10. NEXGEL has a 12 month low of $0.02 and a 12 month high of $0.35.

NEXGEL Company Profile

NEXGEL, Inc manufactures and sells high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels for wound care, medical diagnostics, transdermal drug delivery, and cosmetics in the United States. It operates through two segments, Nexgel and CG labs. The company offers over-the-counter remedy solutions, such as blister and pain applications under the MedaGel brand; and beauty and cosmetic solutions, such as wrinkle and skin cream applications under the LumaGel Beauty brand name.