Jowell Global Ltd. (NASDAQ:JWEL) Stock Short Interest Falls 66.9%

Jowell Global Ltd. (NASDAQ:JWEL) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 13,276 shares, a decline of 66.9% from the September 15th total of 40,165 shares. Based on an average daily trading volume, of 30,345 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.7% of the shares of the company are short sold.

Jowell Global Price Performance

NASDAQ:JWEL traded down $0.16 during mid-day trading on Monday, reaching $2.28. The stock had a trading volume of 10,908 shares, compared to its average volume of 509,428. Jowell Global has a twelve month low of $1.47 and a twelve month high of $5.17. The business has a 50 day simple moving average of $2.42 and a 200 day simple moving average of $2.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Jowell Global in a research report on Friday, August 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

Jowell Global Company Profile

Jowell Global Ltd. (NASDAQ: JWEL) is a China-based consumer products and e-commerce company. The company markets a range of products through online retail and social-commerce channels, serving consumers directly through digital platforms and distribution networks.

Its product categories have included health and wellness products, beauty and personal-care items, household cleaning products, food and beverages, kitchenware, and other everyday consumer goods. Jowell Global has used a membership-oriented model and online sales channels to promote products and support customer engagement.

Founded in 2012 and headquartered in Shanghai, China, the company primarily serves the Chinese market.