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

Meiwu Technology Company Limited (NASDAQ:WNW) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 318,895 shares, a growth of 5,086.1% from the August 15th total of 6,149 shares. Based on an average daily volume of 2,678,960 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Meiwu Technology in a report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Meiwu Technology currently has a consensus rating of “Sell”.

Meiwu Technology Stock Down 2.9%

Shares of WNW stock traded down $0.07 during mid-day trading on Thursday, hitting $2.31. The company’s stock had a trading volume of 37,699 shares, compared to its average volume of 983,447. Meiwu Technology has a 52-week low of $2.25 and a 52-week high of $1,352.00. The business has a 50-day moving average price of $2.81 and a 200 day moving average price of $25.14.

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.