Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Update

Jowell Global Ltd. (NASDAQ:JWEL) saw a large drop in short interest during 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 shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jowell Global in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Jowell Global has an average rating of “Sell”.

Jowell Global Price Performance

Shares of NASDAQ JWEL traded down $0.04 during trading on Thursday, hitting $2.21. 6,482 shares of the company were exchanged, compared to its average volume of 561,038. Jowell Global has a 1 year low of $1.47 and a 1 year high of $5.17. The firm’s fifty day moving average price is $2.25 and its 200 day moving average price is $2.35.

About Jowell Global

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.