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

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Meiwu Technology in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Meiwu Technology Stock Down 12.1%

Shares of NASDAQ:WNW traded down $0.44 during trading on Friday, hitting $3.21. 173,424 shares of the company traded hands, compared to its average volume of 1,128,575. The business’s fifty day moving average is $72.26 and its 200-day moving average is $128.71. Meiwu Technology has a one year low of $2.80 and a one year 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.