Jowell Global Ltd. (NASDAQ:JWEL – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 41,912 shares, a drop of 38.9% from the August 15th total of 68,584 shares. Based on an average daily volume of 86,694 shares, the short-interest ratio is currently 0.5 days. Currently, 2.2% of the company’s shares are sold short.
Jowell Global Stock Up 3.2%
Shares of Jowell Global stock traded up $0.07 during trading hours on Friday, reaching $2.28. The company’s stock had a trading volume of 11,439 shares, compared to its average volume of 557,587. Jowell Global has a one year low of $1.47 and a one year high of $5.17. The stock’s fifty day simple moving average is $2.25 and its two-hundred day simple moving average is $2.35.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jowell Global in a report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Jowell Global has an average rating of “Sell”.
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.
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