NEXGEL, Inc. (NASDAQ:NXGLW – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 1,335 shares, a decline of 81.6% from the August 31st total of 7,247 shares. Based on an average daily trading volume, of 7,818 shares, the days-to-cover ratio is currently 0.2 days.
NEXGEL Price Performance
NEXGEL stock remained flat at $0.01 during mid-day trading on Friday. The company’s stock had a trading volume of 7,574 shares, compared to its average volume of 12,498. The business has a fifty day moving average of $0.02 and a two-hundred day moving average of $0.04. NEXGEL has a 1 year low of $0.01 and a 1 year high of $0.34.
NEXGEL Company Profile
NEXGEL, Inc develops and manufactures high-water-content hydrogels for medical, healthcare, consumer and industrial applications. Its products are designed to provide conductivity, moisture retention, cooling, cushioning and drug-delivery capabilities, depending on the formulation and intended use.
The company supplies hydrogels used in medical and diagnostic products, including electrode and sensor applications, ultrasound-related products and wound-care dressings. NEXGEL also produces consumer-oriented items such as cosmetic and wellness patches, facial masks and other skin-contact products, as well as specialized hydrogel materials for industrial uses.
NEXGEL traces its operations to the late 1960s and is based in Langhorne, Pennsylvania.
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