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

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 125 shares, a drop of 91.9% from the May 31st total of 1,534 shares. Based on an average daily volume of 5,691 shares, the short-interest ratio is presently 0.0 days.

NEXGEL Stock Up 24.8%

Shares of NXGLW traded up $0.01 during trading hours on Friday, reaching $0.03. 8,600 shares of the company traded hands, compared to its average volume of 14,418. The stock’s fifty day moving average price is $0.05 and its 200 day moving average price is $0.11. NEXGEL has a 12-month low of $0.02 and a 12-month high of $0.35.

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.