Jowell Global Ltd. (NASDAQ:JWEL) Short Interest Update

Jowell Global Ltd. (NASDAQ:JWEL) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 17,234 shares, a growth of 86.5% from the February 12th total of 9,239 shares. Based on an average daily trading volume, of 5,002 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.0% of the shares of the stock are sold short. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,002 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of Jowell Global

A hedge fund recently bought a new stake in Jowell Global stock. Citadel Advisors LLC acquired a new stake in shares of Jowell Global Ltd. (NASDAQ:JWEL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned about 0.97% of Jowell Global as of its most recent SEC filing. Institutional investors own 0.08% of the company’s stock.

Jowell Global Price Performance

Shares of NASDAQ:JWEL traded down $0.05 during midday trading on Friday, reaching $2.42. 971 shares of the company were exchanged, compared to its average volume of 7,729. The business’s fifty day moving average is $2.23 and its two-hundred day moving average is $2.07. Jowell Global has a one year low of $1.47 and a one year high of $2.98.

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.