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

Meiwu Technology Company Limited (NASDAQ:WNW) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 31,939 shares, a growth 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 presently 0.0 days. Approximately 20.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts have commented on WNW shares. Wall Street Zen cut Meiwu Technology to a “strong sell” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Meiwu Technology Price Performance

Meiwu Technology stock traded down $0.43 during mid-day trading on Friday, reaching $3.37. 45,670 shares of the company’s stock were exchanged, compared to its average volume of 1,046,735. Meiwu Technology has a twelve month low of $2.25 and a twelve month high of $1,352.00. The company has a fifty day moving average of $3.75 and a 200-day moving average of $90.58.

Insider Buying and Selling

In other Meiwu Technology news, major shareholder Financial Lp Hrt sold 9,054 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.66, for a total transaction of $33,137.64. Following the transaction, the insider directly owned 13,918 shares in the company, valued at $50,939.88. This represents 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 available at the SEC website.

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.