XWELL, Inc. (NASDAQ:XWEL) Stock Short Interest Declines 40.5%

XWELL, Inc. (NASDAQ:XWEL – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 156,571 shares, a decrease of 40.5% from the August 31st total of 263,151 shares. Based on an average daily trading volume, of 24,683 shares, the days-to-cover ratio is presently 6.3 days. Currently, 2.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded XWELL from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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XWELL Stock Performance

Shares of XWEL opened at $0.82 on Friday. The company has a 50 day moving average price of $0.96 and a 200-day moving average price of $1.12. XWELL has a fifty-two week low of $0.26 and a fifty-two week high of $2.20. The stock has a market capitalization of $6.93 million, a PE ratio of -0.15 and a beta of 0.93.

XWELL (NASDAQ:XWEL – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.00) by $0.74. The company had revenue of $7.14 million for the quarter, compared to analyst estimates of $2.37 million. XWELL had a negative net margin of 82.90% and a negative return on equity of 1,091.48%.

XWELL Company Profile

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XWELL Corporation (NASDAQ: XWEL) is a health and wellness company that provides services designed to support well-being, relaxation and preventive care. The company operates wellness facilities in high-traffic locations, including airports, and offers services such as massage, beauty treatments and other spa-related experiences.

XWELL also provides health-focused services through offerings that have included diagnostic testing, travel health and wellness programs. Its business has evolved from the company formerly known as XpresSpa Group, which operated airport spa locations and expanded into health screening and related services during the COVID-19 pandemic.

The company primarily serves travelers and consumers in the United States through airport and other commercial locations, with its operations and service offerings subject to change as it develops its broader wellness platform.

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