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

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 125 shares, a decrease of 91.9% from the May 31st total of 1,534 shares. Based on an average daily trading volume, of 5,691 shares, the days-to-cover ratio is currently 0.0 days.

NEXGEL Stock Down 10.4%

Shares of NASDAQ:NXGLW traded down $0.00 during trading on Thursday, reaching $0.02. The stock had a trading volume of 11,813 shares, compared to its average volume of 14,513. The firm’s 50-day simple moving average is $0.05 and its 200 day simple moving average is $0.11. NEXGEL has a one year low of $0.02 and a one year high of $0.36.

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.