NEXGEL (NXGLW) Short Interest Ratio & Short Volume

Short interest is the volume of NEXGEL shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 500 shares of NXGLW short. Learn More on NEXGEL's current short interest.

NEXGEL saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 500 shares, a decrease of 61.5% from the previous total of 1,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "medical equipment" compare to NEXGEL: Stevanato Group S.p.A. (8.29%), Zimmer Biomet Holdings, Inc. (2.83%), Smith & Nephew plc (0.61%), Solventum Co. (3.23%), Penumbra, Inc. (6.82%), Bausch + Lomb Co. (3.92%), Glaukos Co. (4.33%), Inspire Medical Systems, Inc. (6.40%), TransMedics Group, Inc. (19.19%), Axonics, Inc. (6.14%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling NXGLW is an investing strategy that aims to generate trading profit from NEXGEL as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for NEXGEL occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of NXGLW, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NXGLW, twice per month. The most recent reporting period available is July, 15 2024.