Short Interest in NEXGEL, Inc. (NASDAQ:NXGLW) Drops By 67.2%

NEXGEL, Inc. (NASDAQ:NXGLW) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 333 shares, a drop of 67.2% from the March 31st total of 1,015 shares. Based on an average trading volume of 5,576 shares, the short-interest ratio is presently 0.1 days.

NEXGEL Stock Performance

NXGLW stock traded up $0.00 during mid-day trading on Friday, reaching $0.05. 1,673 shares of the company’s stock were exchanged, compared to its average volume of 11,202. The stock’s 50 day moving average is $0.08 and its 200 day moving average is $0.18. NEXGEL has a 12-month low of $0.04 and a 12-month high of $0.44.

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.