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

Meiwu Technology Company Limited (NASDAQ:WNW) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 6,149 shares, a decrease of 79.3% from the July 30th total of 29,638 shares. Based on an average daily volume of 119,506 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Meiwu Technology Stock Performance

Shares of Meiwu Technology stock traded down $0.55 during trading on Friday, reaching $2.76. The company’s stock had a trading volume of 496,390 shares, compared to its average volume of 1,026,181. The stock has a 50-day moving average price of $3.02 and a two-hundred day moving average price of $34.16. Meiwu Technology has a one year low of $2.25 and a one year high of $1,352.00.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen lowered Meiwu Technology to a “strong sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Meiwu Technology in a report on Friday, July 31st. One investment 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.