Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Down 94.1% in June

Jowell Global Ltd. (NASDAQ:JWEL) was the target of a large decrease in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 4,465 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Jowell Global stock. Citadel Advisors LLC acquired a new stake in shares of Jowell Global Ltd. (NASDAQ:JWEL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.97% of Jowell Global at the end of the most recent quarter. Institutional investors own 0.08% of the company’s stock.

Jowell Global Trading Down 2.6%

Shares of Jowell Global stock traded down $0.06 during trading hours on Friday, reaching $2.25. 1,682 shares of the stock traded hands, compared to its average volume of 3,745. Jowell Global has a one year low of $1.47 and a one year high of $3.00. The company has a 50 day moving average price of $2.41 and a 200 day moving average price of $2.34.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Jowell Global in a research report on Tuesday, May 26th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, Jowell Global has an average 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.