Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Drops By 49.6%

Meiwu Technology Company Limited (NASDAQ:WNW) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 24,771 shares, a decrease of 49.6% from the December 15th total of 49,146 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 21,985 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 21,985 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the company are sold short.

Meiwu Technology Price Performance

Shares of WNW stock opened at $1.57 on Friday. The company’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.73. Meiwu Technology has a 52 week low of $0.95 and a 52 week high of $7.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Meiwu Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.