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

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Wall Street Zen lowered Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Insider Activity at Meiwu Technology

In related news, major shareholder Financial Lp Hrt sold 9,054 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly 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 document filed with the SEC, which is accessible through the SEC website.

Meiwu Technology Stock Performance

NASDAQ:WNW opened at $2.57 on Tuesday. The stock’s 50 day moving average price is $3.45 and its 200 day moving average price is $58.77. Meiwu Technology has a 52 week low of $2.25 and a 52 week high of $1,352.00.

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.