Meiwu Technology Company Limited (NASDAQ:WNW) Sees Significant Growth in Short Interest

Meiwu Technology Company Limited (NASDAQ:WNW) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 31,939 shares, an increase of 186.1% from the May 14th total of 11,163 shares. Approximately 20.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,579,281 shares, the days-to-cover ratio is presently 0.0 days.

Meiwu Technology Stock Down 11.2%

Shares of WNW stock traded down $0.43 on Friday, reaching $3.37. 45,670 shares of the company were exchanged, compared to its average volume of 1,046,735. The business has a 50-day moving average price of $3.75 and a 200 day moving average price of $90.58. Meiwu Technology has a 1 year low of $2.25 and a 1 year high of $1,352.00.

Analyst Ratings Changes

A number of research firms have weighed in on WNW. Wall Street Zen cut shares of Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. Weiss Ratings cut shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Transactions at Meiwu Technology

In other Meiwu Technology 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.