NEXGEL, Inc. (NASDAQ:NXGLW) Short Interest Up 175.0% in March

NEXGEL, Inc. (NASDAQ:NXGLW) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, an increase of 175.0% from the February 29th total of 400 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 1.1 days.

NEXGEL Trading Up 20.0 %

NXGLW traded up $0.12 on Thursday, hitting $0.72. 3,982 shares of the stock were exchanged, compared to its average volume of 2,355. NEXGEL has a 12 month low of $0.11 and a 12 month high of $0.75. The business has a 50-day moving average of $0.48 and a two-hundred day moving average of $0.40.

NEXGEL Company Profile

NEXGEL, Inc manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company was formerly known as AquaMed Technologies, Inc and changed its name to NEXGEL, Inc in November 2019.