Short Interest in Jowell Global Ltd. (NASDAQ:JWEL) Decreases By 94.1%

Jowell Global Ltd. (NASDAQ:JWEL) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 450 shares, a decrease of 94.1% from the May 31st total of 7,681 shares. Based on an average daily volume of 4,465 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Jowell Global Stock Performance

Shares of JWEL traded down $0.07 during mid-day trading on Thursday, hitting $2.33. 4,073 shares of the company’s stock were exchanged, compared to its average volume of 6,952. The firm has a fifty day moving average of $2.41 and a two-hundred day moving average of $2.34. Jowell Global has a twelve month low of $1.47 and a twelve month high of $3.00.

Jowell Global (NASDAQ:JWEL) last released its quarterly earnings data on Thursday, April 30th. The company reported ($1.14) earnings per share (EPS) for the quarter. The company had revenue of $44.42 million for the quarter.

Institutional Trading of Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC acquired a new stake in shares of Jowell Global Ltd. (NASDAQ:JWEL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 filing with the Securities and Exchange Commission. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Jowell Global in a report on Tuesday, May 26th. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.