Jowell Global Ltd. (NASDAQ:JWEL) Sees Significant Growth in Short Interest

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

Jowell Global Trading Up 0.2%

Shares of JWEL stock opened at $2.47 on Friday. Jowell Global has a 52-week low of $1.47 and a 52-week high of $2.98. The business’s fifty day moving average is $2.22 and its 200 day moving average is $2.06.

Institutional Trading of Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC purchased a new stake in shares of Jowell Global Ltd. (NASDAQ:JWEL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 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 quarter. Institutional investors and hedge funds 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.