Short Interest in NEXGEL, Inc. (NASDAQ:NXGLW) Expands By 1,294.4%

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,743 shares, a growth of 1,294.4% from the June 15th total of 125 shares. Based on an average trading volume of 27,665 shares, the days-to-cover ratio is currently 0.1 days.

NEXGEL Trading Up 12.4%

Shares of NASDAQ NXGLW traded up $0.00 during mid-day trading on Friday, hitting $0.03. 42,885 shares of the company traded hands, compared to its average volume of 14,812. NEXGEL has a 1 year low of $0.02 and a 1 year high of $0.35. The business has a 50 day moving average of $0.04 and a two-hundred day moving average of $0.10.

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.