NEXGEL, Inc. (NASDAQ:NXGLW) Short Interest Up 142.0% in May

NEXGEL, Inc. (NASDAQ:NXGLW) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,534 shares, an increase of 142.0% from the May 14th total of 634 shares. Based on an average daily trading volume, of 720 shares, the days-to-cover ratio is currently 2.1 days.

NEXGEL Trading Down 15.3%

Shares of NEXGEL stock opened at $0.03 on Friday. NEXGEL has a 52-week low of $0.03 and a 52-week high of $0.39. The stock has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.12.

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.