NEXGEL, Inc. (NASDAQ:NXGL – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 13,000 shares, a decrease of 16.7% from the August 31st total of 15,600 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 49,200 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On NEXGEL
A hedge fund recently bought a new stake in NEXGEL stock. Northeast Financial Group Inc. purchased a new stake in shares of NEXGEL, Inc. (NASDAQ:NXGL – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,848 shares of the company’s stock, valued at approximately $32,000. Northeast Financial Group Inc. owned 0.19% of NEXGEL as of its most recent SEC filing. Institutional investors own 2.21% of the company’s stock.
NEXGEL Trading Down 1.1 %
Shares of NXGL stock opened at $2.59 on Monday. The company has a 50 day moving average of $2.74 and a 200-day moving average of $2.43. NEXGEL has a 12-month low of $1.46 and a 12-month high of $3.24. The firm has a market cap of $16.13 million, a P/E ratio of -4.71 and a beta of 0.77. The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 0.22.
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.
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