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

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

NEXGEL Trading Up 12.4%

NEXGEL stock traded up $0.00 during mid-day trading on Friday, hitting $0.03. The company had a trading volume of 42,885 shares, compared to its average volume of 14,812. The stock’s 50 day moving average price is $0.04 and its two-hundred day moving average price is $0.10. 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.