Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Decreases By 55.9%

Meiwu Technology Company Limited (NASDAQ:WNW) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 13,868 shares, a decrease of 55.9% from the June 30th total of 31,458 shares. Currently, 8.7% of the company’s stock are sold short. Based on an average daily trading volume, of 202,979 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

WNW has been the subject of a number of recent analyst reports. Wall Street Zen cut Meiwu Technology to a “strong sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Meiwu Technology Stock Performance

NASDAQ WNW opened at $2.57 on Tuesday. The company’s fifty day moving average is $3.45 and its two-hundred day moving average is $58.77. Meiwu Technology has a 52-week low of $2.25 and a 52-week high of $1,352.00.

Insiders Place Their Bets

In other Meiwu Technology 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 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 at this hyperlink.

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.