Short Interest in NEXGEL, Inc. (NASDAQ:NXGLW) Expands By 142.7%

NEXGEL, Inc. (NASDAQ:NXGLW) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 7,532 shares, a growth of 142.7% from the July 30th total of 3,104 shares. Based on an average daily volume of 4,593 shares, the short-interest ratio is presently 1.6 days.

NEXGEL Stock Performance

NXGLW stock remained flat at $0.02 during trading on Friday. 6 shares of the company traded hands, compared to its average volume of 12,590. The company has a fifty day moving average price of $0.02 and a 200 day moving average price of $0.06. NEXGEL has a 12-month low of $0.01 and a 12-month high of $0.34.

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.