Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Declines By 55.9%

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 13,868 shares, a decline of 55.9% from the June 30th total of 31,458 shares. Approximately 8.7% of the company’s shares are short sold. Based on an average daily volume of 202,979 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 9,054 shares of the stock in a transaction that occurred 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 owned 13,918 shares of the company’s stock, valued at approximately $50,939.88. This represents a 39.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Meiwu Technology Stock Performance

Shares of WNW stock opened at $2.49 on Thursday. Meiwu Technology has a 1 year low of $2.25 and a 1 year high of $1,352.00. The stock’s 50 day simple moving average is $3.38 and its two-hundred day simple moving average is $56.78.

Analyst Upgrades and Downgrades

Several brokerages have commented on WNW. Weiss Ratings lowered shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Meiwu Technology presently has an average rating of “Sell”.

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.