Short Interest in Jowell Global Ltd. (NASDAQ:JWEL) Drops By 35.7%

Jowell Global Ltd. (NASDAQ:JWEL) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 11,088 shares, a decline of 35.7% from the February 26th total of 17,234 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 7,291 shares, the short-interest ratio is currently 1.5 days.

Jowell Global Stock Down 0.9%

NASDAQ:JWEL opened at $2.43 on Friday. The company has a 50 day moving average price of $2.29 and a 200 day moving average price of $2.11. Jowell Global has a fifty-two week low of $1.47 and a fifty-two week high of $2.98.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC purchased a new position in shares of Jowell Global Ltd. (NASDAQ:JWEL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 owned by institutional investors.

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.