Short Interest in NEXGEL, Inc. (NASDAQ:NXGLW) Rises By 135.1%

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 783 shares, an increase of 135.1% from the April 15th total of 333 shares. Based on an average trading volume of 4,827 shares, the days-to-cover ratio is presently 0.2 days.

NEXGEL Price Performance

NXGLW traded down $0.00 on Friday, hitting $0.05. 200 shares of the company were exchanged, compared to its average volume of 10,319. The firm has a fifty day simple moving average of $0.06 and a two-hundred day simple moving average of $0.15. NEXGEL has a 12 month low of $0.04 and a 12 month high of $0.44.

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.