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

Jowell Global Ltd. (NASDAQ:JWEL) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 450 shares, a decline of 94.1% from the May 31st total of 7,681 shares. Based on an average trading volume of 4,465 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC purchased a new stake in Jowell Global Ltd. (NASDAQ:JWEL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.97% of Jowell Global as of its most recent SEC filing. Institutional investors own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Jowell Global in a report on Tuesday, May 26th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jowell Global has a consensus rating of “Sell”.

Jowell Global Stock Down 1.3%

Jowell Global stock traded down $0.03 during midday trading on Friday, reaching $2.28. The company’s stock had a trading volume of 4,073 shares, compared to its average volume of 6,952. Jowell Global has a fifty-two week low of $1.47 and a fifty-two week high of $3.00. The business has a 50-day simple moving average of $2.41 and a 200-day simple moving average of $2.34.

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

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.