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

NEXGEL, Inc. (NASDAQ:NXGLW) saw a large increase in short interest in the month of 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 volume of 4,827 shares, the days-to-cover ratio is currently 0.2 days.

NEXGEL Stock Performance

Shares of NXGLW stock traded down $0.00 during trading hours on Friday, reaching $0.05. The company had a trading volume of 200 shares, compared to its average volume of 10,319. The company has a 50 day moving average of $0.06 and a 200 day moving average of $0.15. NEXGEL has a 1-year low of $0.04 and a 1-year high of $0.44.

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.