Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Grows By 267.8%

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 31,458 shares, a growth of 267.8% from the June 15th total of 8,553 shares. Approximately 19.7% of the company’s stock are short sold. Based on an average daily volume of 1,611,473 shares, the short-interest ratio is presently 0.0 days.

Meiwu Technology Price Performance

Shares of NASDAQ:WNW traded down $0.26 during trading on Monday, reaching $3.63. 84,156 shares of the company’s stock traded hands, compared to its average volume of 1,041,260. Meiwu Technology has a 12 month low of $2.25 and a 12 month high of $1,352.00. The company has a 50 day moving average of $3.53 and a 200-day moving average of $68.75.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 9,054 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $3.66, for a total value of $33,137.64. Following the completion of the sale, the insider directly owned 13,918 shares of the company’s stock, valued at $50,939.88. The trade was a 39.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

Several research analysts have recently commented on WNW shares. Wall Street Zen lowered Meiwu Technology to a “strong sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut 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, the stock 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.