Short Interest in NEXGEL, Inc. (NASDAQ:NXGLW) Increases By 142.0%

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,534 shares, a growth of 142.0% from the May 14th total of 634 shares. Based on an average daily trading volume, of 720 shares, the short-interest ratio is presently 2.1 days.

NEXGEL Stock Performance

NASDAQ NXGLW traded down $0.00 during trading on Friday, reaching $0.03. The company’s stock had a trading volume of 387 shares, compared to its average volume of 10,580. NEXGEL has a 12 month low of $0.03 and a 12 month high of $0.39. The firm has a 50 day moving average price of $0.05 and a 200 day moving average price of $0.12.

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.