Jowell Global Ltd. (NASDAQ:JWEL) Sees Large Decrease in Short Interest

Jowell Global Ltd. (NASDAQ:JWEL) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 41,912 shares, a decrease of 38.9% from the August 15th total of 68,584 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 86,694 shares, the short-interest ratio is currently 0.5 days.

Jowell Global Stock Up 1.2%

Shares of Jowell Global stock traded up $0.03 on Wednesday, reaching $2.17. 5,404 shares of the company traded hands, compared to its average volume of 564,492. The company has a 50 day moving average of $2.25 and a 200 day moving average of $2.35. Jowell Global has a 52 week low of $1.47 and a 52 week high of $5.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jowell Global in a report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jowell Global has a consensus rating of “Sell”.

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.