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 June. As of June 15th, there was short interest totaling 8,553 shares, a decrease of 73.2% from the May 31st total of 31,939 shares. Based on an average daily trading volume, of 191,716 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.3% of the shares of the stock are sold short.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 9,054 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.66, for a total transaction of $33,137.64. Following the completion of the transaction, the insider directly owned 13,918 shares of the company’s stock, valued at approximately $50,939.88. This trade represents a 39.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Meiwu Technology Trading Down 4.8%

Shares of WNW opened at $3.36 on Friday. The stock has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $79.63. Meiwu Technology has a 52-week low of $2.25 and a 52-week high of $1,352.00.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WNW. Wall Street Zen cut shares of Meiwu Technology to a “strong sell” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of 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 data from MarketBeat.com, Meiwu Technology presently 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.