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

NEXGEL, Inc. (NASDAQ:NXGLW – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,370 shares, a growth of 93.3% from the June 30th total of 1,743 shares. Based on an average trading volume of 7,728 shares, the days-to-cover ratio is currently 0.4 days.

NEXGEL Stock Up 33.6%

Shares of NXGLW traded up $0.01 during mid-day trading on Friday, hitting $0.02. 3,467 shares of the company traded hands, compared to its average volume of 13,415. The stock has a 50-day moving average price of $0.03 and a two-hundred day moving average price of $0.08. NEXGEL has a 1 year low of $0.01 and a 1 year high of $0.35.

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About NEXGEL

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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.

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