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

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 783 shares, an increase of 135.1% from the April 15th total of 333 shares. Based on an average daily trading volume, of 4,827 shares, the short-interest ratio is currently 0.2 days.

NEXGEL Price Performance

Shares of NXGLW traded down $0.00 during trading hours on Friday, reaching $0.05. The stock had a trading volume of 200 shares, compared to its average volume of 10,319. NEXGEL has a 52 week low of $0.04 and a 52 week high of $0.44. The firm has a 50-day moving average of $0.06 and a 200 day moving average of $0.15.

About NEXGEL

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.