NEXGEL, Inc. (NASDAQ:NXGLW) Short Interest Up 142.7% in August

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

NEXGEL Stock Down 4.4%

Shares of NASDAQ:NXGLW traded down $0.00 on Friday, hitting $0.02. The stock had a trading volume of 7,032 shares, compared to its average volume of 12,590. The firm’s 50 day moving average price is $0.03 and its 200-day moving average price is $0.06. NEXGEL has a twelve month low of $0.01 and a twelve month high of $0.34.

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.