Short Interest in XWELL, Inc. (NASDAQ:XWEL) Decreases By 78.7%

XWELL, Inc. (NASDAQ:XWEL) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 527,181 shares, a drop of 78.7% from the February 26th total of 2,476,054 shares. Based on an average daily volume of 1,692,311 shares, the short-interest ratio is presently 0.3 days. Currently, 10.6% of the company’s shares are short sold. Currently, 10.6% of the company’s shares are short sold. Based on an average daily volume of 1,692,311 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XWELL in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

XWELL Price Performance

Shares of XWELL stock opened at $1.35 on Wednesday. The business’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $0.82. The stock has a market capitalization of $7.79 million, a P/E ratio of -0.40 and a beta of 0.87. XWELL has a one year low of $0.26 and a one year high of $2.20.

About XWELL

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.