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

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 31,939 shares, an increase of 186.1% from the May 14th total of 11,163 shares. Based on an average daily volume of 7,579,281 shares, the short-interest ratio is currently 0.0 days. Approximately 20.0% of the shares of the company are sold short.

Meiwu Technology Stock Performance

Shares of NASDAQ:WNW traded down $0.51 during midday trading on Friday, reaching $3.28. 76,848 shares of the company traded hands, compared to its average volume of 3,595,586. Meiwu Technology has a 12 month low of $2.25 and a 12 month high of $1,352.00. The firm’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $89.26.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

About Meiwu Technology

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.