Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Down 73.2% in June

Meiwu Technology Company Limited (NASDAQ:WNW) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 8,553 shares, a decline of 73.2% from the May 31st total of 31,939 shares. Based on an average daily trading volume, of 191,716 shares, the short-interest ratio is currently 0.0 days. Approximately 5.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 9,054 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.66, for a total value of $33,137.64. Following the sale, the insider owned 13,918 shares in the company, valued at $50,939.88. This represents a 39.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Meiwu Technology Trading Down 4.8%

Shares of WNW stock opened at $3.36 on Friday. The company’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $80.17. Meiwu Technology has a 52 week low of $2.25 and a 52 week 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.