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

NEXGEL, Inc. (NASDAQ:NXGLW) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,532 shares, a growth of 142.7% from the July 30th total of 3,104 shares. Based on an average daily trading volume, of 4,593 shares, the days-to-cover ratio is presently 1.6 days.

NEXGEL Price Performance

NXGLW remained flat at $0.02 during midday trading on Friday. The company’s stock had a trading volume of 6 shares, compared to its average volume of 12,590. NEXGEL has a 52 week low of $0.01 and a 52 week high of $0.34. The firm has a 50-day simple moving average of $0.02 and a 200-day simple moving average of $0.06.

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.