Meiwu Technology Company Limited (NASDAQ:WNW) Sees Significant Increase in Short Interest

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 318,895 shares, an increase of 5,086.1% from the August 15th total of 6,149 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 2,678,960 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Meiwu Technology in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Meiwu Technology has an average rating of “Sell”.

Meiwu Technology Price Performance

Shares of WNW stock traded down $0.07 during trading hours on Thursday, hitting $2.31. 37,699 shares of the company’s stock traded hands, compared to its average volume of 983,447. The stock’s fifty day simple moving average is $2.81 and its two-hundred day simple moving average is $25.14. Meiwu Technology has a 12-month low of $2.25 and a 12-month 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.