NEXGEL, Inc. (NASDAQ:NXGLW) Sees Large Growth in Short Interest

NEXGEL, Inc. (NASDAQ:NXGLW) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,532 shares, a growth of 142.7% from the July 30th total of 3,104 shares. Based on an average daily volume of 4,593 shares, the short-interest ratio is currently 1.6 days.

NEXGEL Stock Down 4.4%

Shares of NASDAQ NXGLW traded down $0.00 during midday trading on Friday, hitting $0.02. The stock had a trading volume of 7,032 shares, compared to its average volume of 12,590. NEXGEL has a fifty-two week low of $0.01 and a fifty-two week high of $0.34. The company’s 50-day simple moving average is $0.03 and its 200 day simple moving average is $0.06.

NEXGEL Company Profile

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.