Short Interest in Jowell Global Ltd. (NASDAQ:JWEL) Drops By 35.7%

Jowell Global Ltd. (NASDAQ:JWEL) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 11,088 shares, a drop of 35.7% from the February 26th total of 17,234 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 7,291 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Jowell Global

An institutional investor recently bought a new position in Jowell Global stock. Citadel Advisors LLC bought a new stake in Jowell Global Ltd. (NASDAQ:JWEL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,947 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.97% of Jowell Global as of its most recent SEC filing. Institutional investors own 0.08% of the company’s stock.

Jowell Global Stock Performance

Shares of NASDAQ:JWEL opened at $2.43 on Monday. Jowell Global has a 52 week low of $1.47 and a 52 week high of $2.98. The firm has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $2.11.

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.