Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Up 267.8% in June

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 31,458 shares, an increase of 267.8% from the June 15th total of 8,553 shares. Based on an average daily volume of 1,611,473 shares, the short-interest ratio is presently 0.0 days. Currently, 19.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WNW shares. Weiss Ratings lowered Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of Meiwu Technology to a “strong sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 9,054 shares of Meiwu Technology stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.66, for a total transaction of $33,137.64. Following the completion of the sale, the insider directly owned 13,918 shares in the company, valued at approximately $50,939.88. This trade represents a 39.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Meiwu Technology Stock Performance

WNW stock traded down $0.26 during trading on Monday, hitting $3.63. 84,156 shares of the company’s stock traded hands, compared to its average volume of 952,718. The business has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $68.75. Meiwu Technology has a 1 year low of $2.25 and a 1 year high of $1,352.00.

Meiwu Technology Company Profile

Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.