Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Expands By 186.1%

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of 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. Based on an average daily trading volume, of 7,579,281 shares, the short-interest ratio is currently 0.0 days. Currently, 20.0% of the company’s shares are short sold.

Insider Activity at Meiwu Technology

In other news, major shareholder Financial Lp Hrt sold 9,054 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 13,918 shares in the company, valued at $50,939.88. This trade represents a 39.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Meiwu Technology Trading Down 13.5%

NASDAQ:WNW traded down $0.51 during midday trading on Friday, reaching $3.28. The company had a trading volume of 76,848 shares, compared to its average volume of 3,595,586. The stock’s fifty day simple moving average is $3.70 and its 200-day simple moving average is $89.26. Meiwu Technology has a 12-month low of $2.25 and a 12-month high of $1,352.00.

Analysts Set New Price Targets

WNW has been the subject of a number of recent research reports. Wall Street Zen lowered Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus 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.