Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Down 15.5% in January

Jowell Global Ltd. (NASDAQ:JWEL) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 18,979 shares, a decrease of 15.5% from the December 31st total of 22,458 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,383 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 39,383 shares, the short-interest ratio is presently 0.5 days. Currently, 1.1% of the shares of the stock are short sold.

Jowell Global Price Performance

NASDAQ:JWEL traded up $0.14 on Tuesday, reaching $2.29. 18,349 shares of the company’s stock traded hands, compared to its average volume of 16,102. The stock has a 50-day simple moving average of $2.26 and a 200-day simple moving average of $2.02. Jowell Global has a 12 month low of $1.47 and a 12 month high of $3.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC acquired a new stake in shares of Jowell Global Ltd. (NASDAQ:JWEL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period. Institutional investors own 0.08% of the company’s stock.

About Jowell Global

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.