Short Interest in XWELL, Inc. (NASDAQ:XWEL) Expands By 464.4%

XWELL, Inc. (NASDAQ:XWEL) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,476,054 shares, an increase of 464.4% from the February 12th total of 438,683 shares. Based on an average daily volume of 36,407,898 shares, the short-interest ratio is currently 0.1 days. Approximately 49.9% of the shares of the company are short sold. Approximately 49.9% of the shares of the company are short sold. Based on an average daily volume of 36,407,898 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XWELL in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

XWELL Stock Performance

Shares of XWEL stock traded up $0.10 during trading hours on Tuesday, hitting $1.40. The company had a trading volume of 473,212 shares, compared to its average volume of 25,171,548. XWELL has a 12 month low of $0.26 and a 12 month high of $2.20. The firm has a market capitalization of $8.08 million, a price-to-earnings ratio of -0.42 and a beta of 0.87. The firm’s fifty day moving average is $0.60 and its 200 day moving average is $0.80.

XWELL Company Profile

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.