Short Interest in XWELL, Inc. (NASDAQ:XWEL) Decreases By 78.7%

XWELL, Inc. (NASDAQ:XWEL) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 527,181 shares, a drop of 78.7% from the February 26th total of 2,476,054 shares. Approximately 10.6% of the company’s shares are short sold. Based on an average trading volume of 1,692,311 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 1,692,311 shares, the short-interest ratio is currently 0.3 days. Approximately 10.6% of the company’s shares are short sold.

XWELL Stock Down 2.2%

Shares of XWELL stock opened at $1.35 on Wednesday. The business has a 50 day moving average of $0.78 and a 200 day moving average of $0.82. XWELL has a 52 week low of $0.26 and a 52 week high of $2.20. The company has a market cap of $7.79 million, a PE ratio of -0.40 and a beta of 0.87.

Analyst Ratings Changes

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

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.