Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Down 73.2% in June

Meiwu Technology Company Limited (NASDAQ:WNWGet Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,553 shares, a drop of 73.2% from the May 31st total of 31,939 shares. Based on an average daily volume of 191,716 shares, the short-interest ratio is presently 0.0 days. Currently, 5.3% of the company’s shares are short sold.

Meiwu Technology Price Performance

NASDAQ WNW opened at $3.88 on Monday. Meiwu Technology has a 1 year low of $2.25 and a 1 year high of $1,352.00. The business’s 50-day moving average is $3.62 and its 200 day moving average is $79.63.

Insider Activity at Meiwu Technology

In related news, major shareholder Financial Lp Hrt sold 9,054 shares of Meiwu Technology stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.66, for a total value of $33,137.64. Following the transaction, the insider owned 13,918 shares in the company, valued at $50,939.88. This trade represents a 39.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WNW. Wall Street Zen lowered shares of 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 report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Read Our Latest Analysis on WNW

About Meiwu Technology

(Get Free Report)

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.

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