NEXGEL, Inc. (NASDAQ:NXGLW) Stock Short Interest Drops 75.7%

NEXGEL, Inc. (NASDAQ:NXGLW – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 242 shares, a drop of 75.7% from the October 15th total of 997 shares. Based on an average trading volume of 35,699 shares, the short-interest ratio is presently 0.0 days.

NEXGEL Stock Performance

Shares of NASDAQ:NXGLW traded up $0.00 during midday trading on Friday, hitting $0.01. 4,023 shares of the company’s stock traded hands, compared to its average volume of 23,198. The firm’s fifty day moving average price is $0.01 and its two-hundred day moving average price is $0.05. NEXGEL has a twelve month low of $0.01 and a twelve month high of $0.25.

About NEXGEL

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NEXGEL, Inc. develops and manufactures aqueous-based hydrogel products for healthcare and consumer markets. Its hydrogel technology is used in products designed for skin contact, including wound-care dressings, pain-relief applications, and skin-care and beauty products. The company also provides contract manufacturing and private-label services, working with customers to develop and produce hydrogel products for their own brands. Its business combines proprietary product development with manufacturing for third parties.

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