XWELL, Inc. (NASDAQ:XWEL) Short Interest Up 23.3% in March

XWELL, Inc. (NASDAQ:XWEL) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 68,300 shares, an increase of 23.3% from the March 15th total of 55,400 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 12,500 shares, the days-to-cover ratio is presently 5.5 days.

Institutional Trading of XWELL

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of XWELL during the 1st quarter worth approximately $667,000. Geode Capital Management LLC acquired a new stake in shares of XWELL during the 1st quarter worth approximately $376,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of XWELL during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 8.67% of the company’s stock.

XWELL Stock Down 4.1 %

Shares of XWEL stock opened at $1.42 on Friday. The company has a market cap of $5.94 million, a price-to-earnings ratio of -0.17 and a beta of 2.43. XWELL has a 52 week low of $1.26 and a 52 week high of $7.00. The firm has a 50 day moving average of $1.81 and a 200-day moving average of $1.85.

About XWELL

XWELL, Inc, a health and wellness services company, provides spa services at airports. It operates through XpresSpa, XpresTest, Treat, and HyperPointe segments. The company offers spa services, including massage, and nail and skin care, as well as spa and travel products; and retail products. It also provides diagnostic COVID-19 tests at XpresCheck wellness centers in airports; and other medical diagnostic testing services.