XWELL, Inc. (NASDAQ:XWEL) Shares Shorted: Short Interest Down 40.5% in September

XWELL, Inc. (NASDAQ:XWEL) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 156,571 shares, a drop of 40.5% from the August 31st total of 263,151 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 24,683 shares, the short-interest ratio is currently 6.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of XWELL from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

XWELL Trading Down 1.0%

XWELL stock opened at $0.85 on Wednesday. XWELL has a 52 week low of $0.26 and a 52 week high of $2.20. The stock has a market cap of $7.18 million, a P/E ratio of -0.16 and a beta of 1.00. The stock has a 50 day moving average of $0.97 and a 200-day moving average of $1.13.

XWELL (NASDAQ:XWEL) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.00) by $0.74. The firm had revenue of $7.14 million for the quarter, compared to analysts’ expectations of $2.37 million. XWELL had a negative net margin of 82.90% and a negative return on equity of 1,091.48%.

About XWELL

XWELL Corporation (NASDAQ: XWEL) is a health and wellness company that provides services designed to support well-being, relaxation and preventive care. The company operates wellness facilities in high-traffic locations, including airports, and offers services such as massage, beauty treatments and other spa-related experiences.

XWELL also provides health-focused services through offerings that have included diagnostic testing, travel health and wellness programs. Its business has evolved from the company formerly known as XpresSpa Group, which operated airport spa locations and expanded into health screening and related services during the COVID-19 pandemic.

The company primarily serves travelers and consumers in the United States through airport and other commercial locations, with its operations and service offerings subject to change as it develops its broader wellness platform.