Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Decreases By 79.3%

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Meiwu Technology in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Meiwu Technology Trading Up 0.8%

NASDAQ:WNW opened at $2.47 on Wednesday. The firm has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $36.30. Meiwu Technology has a 12 month low of $2.25 and a 12 month high of $1,352.00.

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.