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

Jowell Global Ltd. (NASDAQ:JWEL) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 13,276 shares, a decline of 66.9% from the September 15th total of 40,165 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 30,345 shares, the short-interest ratio is currently 0.4 days.

Jowell Global Price Performance

NASDAQ:JWEL traded down $0.16 during midday trading on Monday, hitting $2.28. 10,908 shares of the company were exchanged, compared to its average volume of 509,428. Jowell Global has a fifty-two week low of $1.47 and a fifty-two week high of $5.17. The company has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $2.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Jowell Global in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Jowell Global presently has an average rating of “Sell”.

About Jowell Global

Jowell Global Ltd. (NASDAQ: JWEL) is a China-based consumer products and e-commerce company. The company markets a range of products through online retail and social-commerce channels, serving consumers directly through digital platforms and distribution networks.

Its product categories have included health and wellness products, beauty and personal-care items, household cleaning products, food and beverages, kitchenware, and other everyday consumer goods. Jowell Global has used a membership-oriented model and online sales channels to promote products and support customer engagement.

Founded in 2012 and headquartered in Shanghai, China, the company primarily serves the Chinese market.