Meiwu Technology Company Limited (NASDAQ:WNW) Sees Large Decline in Short Interest

Meiwu Technology Company Limited (NASDAQ:WNW) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 47,269 shares, a decrease of 98.0% from the March 31st total of 2,314,816 shares. Approximately 29.5% of the shares of the company are short sold. Based on an average daily volume of 335,346 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Meiwu Technology in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Meiwu Technology has a consensus rating of “Sell”.

Meiwu Technology Stock Performance

WNW stock traded down $0.44 on Friday, reaching $3.21. The company’s stock had a trading volume of 173,424 shares, compared to its average volume of 1,128,575. Meiwu Technology has a 52 week low of $2.80 and a 52 week high of $1,352.00. The firm has a fifty day moving average of $72.26 and a two-hundred day moving average of $128.71.

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.