NEXGEL, Inc. (NASDAQ:NXGLW) Short Interest Up 175.0% in March

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,100 shares, an increase of 175.0% from the February 29th total of 400 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is currently 1.1 days.

NEXGEL Stock Performance

Shares of NXGLW stock traded up $0.12 during trading hours on Thursday, reaching $0.72. 3,982 shares of the company’s stock were exchanged, compared to its average volume of 2,355. The company’s 50 day moving average is $0.48 and its two-hundred day moving average is $0.40. NEXGEL has a 1 year low of $0.11 and a 1 year high of $0.75.

About NEXGEL

NEXGEL, Inc manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company was formerly known as AquaMed Technologies, Inc and changed its name to NEXGEL, Inc in November 2019.