XWELL, Inc. (NASDAQ:XWEL) Stock Short Interest Declines 40.5%

XWELL, Inc. (NASDAQ:XWEL) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 156,571 shares, a decline of 40.5% from the August 31st total of 263,151 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 24,683 shares, the days-to-cover ratio is currently 6.3 days.

XWELL Stock Down 1.0%

Shares of XWEL stock opened at $0.85 on Wednesday. XWELL has a fifty-two week low of $0.26 and a fifty-two week high of $2.20. The firm’s 50 day moving average price is $0.97 and its two-hundred day moving average price is $1.13. The stock has a market cap of $7.18 million, a price-to-earnings ratio of -0.16 and a beta of 1.00.

XWELL (NASDAQ:XWEL) last issued its earnings results on Friday, August 14th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($1.00) by $0.74. XWELL had a negative net margin of 82.90% and a negative return on equity of 1,091.48%. The business had revenue of $7.14 million for the quarter, compared to the consensus estimate of $2.37 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of XWELL from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, XWELL has an average rating of “Sell”.

XWELL Company Profile

XWELL Corporation (NASDAQ: XWEL) is a health and wellness company that provides services designed to support well-being, relaxation and preventive care. The company operates wellness facilities in high-traffic locations, including airports, and offers services such as massage, beauty treatments and other spa-related experiences.

XWELL also provides health-focused services through offerings that have included diagnostic testing, travel health and wellness programs. Its business has evolved from the company formerly known as XpresSpa Group, which operated airport spa locations and expanded into health screening and related services during the COVID-19 pandemic.

The company primarily serves travelers and consumers in the United States through airport and other commercial locations, with its operations and service offerings subject to change as it develops its broader wellness platform.