Short Interest in Jowell Global Ltd. (NASDAQ:JWEL) Increases By 11,217.5%

Jowell Global Ltd. (NASDAQ:JWELGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 68,584 shares, a growth of 11,217.5% from the July 30th total of 606 shares. Based on an average daily volume of 8,276,794 shares, the short-interest ratio is currently 0.0 days. Currently, 3.7% of the company’s stock are sold short.

Jowell Global Stock Performance

Shares of NASDAQ:JWEL opened at $2.52 on Wednesday. Jowell Global has a 12 month low of $1.47 and a 12 month high of $5.17. The company’s fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.34.

Institutional Trading of Jowell Global

A hedge fund recently bought a new stake in Jowell Global stock. Citadel Advisors LLC acquired a new position in shares of Jowell Global Ltd. (NASDAQ:JWELFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.08% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jowell Global in a research report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

View Our Latest Research Report on JWEL

About Jowell Global

(Get Free Report)

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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