NEXGEL, Inc. (NASDAQ:NXGLW) Sees Significant Decline in Short Interest

NEXGEL, Inc. (NASDAQ:NXGLW – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 242 shares, a decrease of 75.7% from the October 15th total of 997 shares. Based on an average trading volume of 35,699 shares, the days-to-cover ratio is presently 0.0 days.

NEXGEL Price Performance

Shares of NASDAQ NXGLW opened at $0.01 on Thursday. The business has a fifty day moving average of $0.01 and a two-hundred day moving average of $0.05. NEXGEL has a 52-week low of $0.01 and a 52-week high of $0.25.

About NEXGEL

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NEXGEL, Inc. develops and manufactures aqueous-based hydrogel products for healthcare and consumer markets. Its hydrogel technology is used in products designed for skin contact, including wound-care dressings, pain-relief applications, and skin-care and beauty products. The company also provides contract manufacturing and private-label services, working with customers to develop and produce hydrogel products for their own brands. Its business combines proprietary product development with manufacturing for third parties.

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