Short Interest in Jowell Global Ltd. (NASDAQ:JWEL) Decreases By 94.1%

Jowell Global Ltd. (NASDAQ:JWEL) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 450 shares, a decrease of 94.1% from the May 31st total of 7,681 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,465 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC acquired a new position in shares of Jowell Global Ltd. (NASDAQ:JWEL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.97% of Jowell Global at the end of the most recent quarter. 0.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Jowell Global in a report on Tuesday, May 26th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Jowell Global Price Performance

Shares of NASDAQ JWEL traded down $0.07 during mid-day trading on Thursday, reaching $2.33. The company had a trading volume of 4,073 shares, compared to its average volume of 6,952. The stock has a fifty day moving average of $2.41 and a two-hundred day moving average of $2.34. Jowell Global has a 12-month low of $1.47 and a 12-month high of $3.00.

Jowell Global (NASDAQ:JWEL) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($1.14) EPS for the quarter. The company had revenue of $44.42 million for the quarter.

Jowell Global Company Profile

Jowell Global Limited is a Cayman Islands exempted special purpose acquisition company (“SPAC”) formed to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more private businesses. The company has no commercial operations of its own and holds its funds in trust pending the completion of an initial business combination.

Since its formation, Jowell Global has targeted opportunities in the technology, consumer and healthcare sectors, with a particular focus on companies operating in Greater China and North America.