Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Down 56.3% in December

Jowell Global Ltd. (NASDAQ:JWEL) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 22,458 shares, a decline of 56.3% from the December 15th total of 51,449 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 23,391 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 23,391 shares, the short-interest ratio is presently 1.0 days. Approximately 1.3% of the company’s shares are sold short.

Jowell Global Price Performance

Shares of JWEL remained flat at $2.15 during midday trading on Friday. 2,136 shares of the company’s stock traded hands, compared to its average volume of 32,186. The stock’s fifty day moving average price is $2.24 and its 200-day moving average price is $2.05. Jowell Global has a one year low of $1.47 and a one year high of $3.24.

Institutional Trading of Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC bought a new position in Jowell Global Ltd. (NASDAQ:JWEL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.97% of Jowell Global as of its most recent SEC filing. 0.08% of the stock is currently owned by institutional investors and hedge funds.

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.