Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Down 38.9% in August

Jowell Global Ltd. (NASDAQ:JWEL) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 41,912 shares, a decline of 38.9% from the August 15th total of 68,584 shares. Based on an average daily trading volume, of 86,694 shares, the short-interest ratio is presently 0.5 days. Currently, 2.2% of the company’s stock are sold short.

Jowell Global Stock Performance

Shares of NASDAQ JWEL traded up $0.03 during trading on Wednesday, hitting $2.17. The stock had a trading volume of 5,404 shares, compared to its average volume of 564,492. The firm has a fifty day moving average of $2.25 and a two-hundred day moving average of $2.35. Jowell Global has a 12 month low of $1.47 and a 12 month 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 note on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jowell Global presently 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.