Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Down 80.0% in April

Meiwu Technology Company Limited (NASDAQ:WNW) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 9,452 shares, a decrease of 80.0% from the April 15th total of 47,269 shares. Currently, 6.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,489,776 shares, the days-to-cover ratio is currently 0.0 days.

Meiwu Technology Trading Up 6.5%

Shares of Meiwu Technology stock traded up $0.21 during trading hours on Wednesday, reaching $3.42. The company’s stock had a trading volume of 84,368 shares, compared to its average volume of 496,941. The company’s 50 day simple moving average is $43.77 and its 200 day simple moving average is $115.06. Meiwu Technology has a one year low of $2.80 and a one year high of $1,352.00.

Wall Street Analysts Forecast Growth

WNW has been the subject of several recent analyst reports. Wall Street Zen downgraded 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 research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Meiwu Technology has a consensus rating of “Sell”.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 9,054 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.66, for a total transaction of $33,137.64. Following the completion of the transaction, the insider owned 13,918 shares of the company’s stock, valued at approximately $50,939.88. The trade was a 39.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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.