Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Update

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

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 9,054 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $3.66, for a total transaction of $33,137.64. Following the completion of the sale, the insider directly owned 13,918 shares of the company’s stock, valued at approximately $50,939.88. This trade represents a 39.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Meiwu Technology Stock Up 6.5%

NASDAQ WNW opened at $3.42 on Thursday. The stock has a 50-day moving average of $40.78 and a two-hundred day moving average of $113.79. Meiwu Technology has a 1-year low of $2.80 and a 1-year high of $1,352.00.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Meiwu Technology to a “strong sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.