Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Up 11,217.5% in August

Jowell Global Ltd. (NASDAQ:JWEL) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 68,584 shares, an increase of 11,217.5% from the July 30th total of 606 shares. Based on an average daily volume of 8,276,794 shares, the short-interest ratio is currently 0.0 days. Currently, 3.7% of the company’s shares are short sold.

Institutional Trading of Jowell Global

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

Jowell Global Stock Up 2.4%

Jowell Global stock traded up $0.06 during midday trading on Tuesday, reaching $2.52. The company’s stock had a trading volume of 27,517 shares, compared to its average volume of 613,811. The business has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.34. Jowell Global has a fifty-two week low of $1.47 and a fifty-two week high of $5.17.

Analysts Set New Price Targets

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