Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Up 46.3% in March

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 29,055 shares, an increase of 46.3% from the February 26th total of 19,861 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 25,810 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Meiwu Technology in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Meiwu Technology Trading Down 5.6%

Shares of WNW stock opened at $0.09 on Friday. Meiwu Technology has a fifty-two week low of $0.08 and a fifty-two week high of $13.52. The business’s 50 day moving average price is $1.32 and its 200-day moving average price is $1.55.

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.