Jowell Global Ltd. (NASDAQ:JWEL) Sees Large Drop in Short Interest

Jowell Global Ltd. (NASDAQ:JWEL) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 8,604 shares, a decline of 54.7% from the January 15th total of 18,979 shares. Based on an average daily volume of 3,595 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 3,595 shares, the days-to-cover ratio is presently 2.4 days.

Jowell Global Price Performance

Shares of JWEL remained flat at $2.33 during midday trading on Thursday. The stock had a trading volume of 13,037 shares, compared to its average volume of 20,435. Jowell Global has a 52 week low of $1.47 and a 52 week high of $3.05. The business has a 50-day simple moving average of $2.24 and a 200 day simple moving average of $2.02.

Hedge Funds Weigh In On Jowell Global

A hedge fund recently bought a new stake in Jowell Global stock. Citadel Advisors LLC bought a new position in Jowell Global Ltd. (NASDAQ:JWEL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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. Hedge funds and other institutional investors 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.