Jowell Global Ltd. (NASDAQ:JWEL) Sees Significant Growth in Short Interest

Jowell Global Ltd. (NASDAQ:JWEL) saw a significant growth in short interest during the month of 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 presently 0.0 days. Currently, 3.7% of the company’s stock are sold short.

Jowell Global Stock Up 2.4%

JWEL stock traded up $0.06 during midday trading on Tuesday, hitting $2.52. 27,517 shares of the stock traded hands, compared to its average volume of 613,811. Jowell Global has a 1-year low of $1.47 and a 1-year high of $5.17. The stock’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.34.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC bought a new stake in Jowell Global Ltd. (NASDAQ:JWEL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned about 0.97% of Jowell Global as of its most recent SEC filing. Institutional investors and hedge funds own 0.08% of the company’s stock.

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.