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

Meiwu Technology Company Limited (NASDAQ:WNW) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 49,146 shares, a growth of 1,618.4% from the November 30th total of 2,860 shares. Based on an average daily volume of 364,019 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 364,019 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Meiwu Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Meiwu Technology Trading Down 7.5%

WNW stock traded down $0.12 during midday trading on Wednesday, reaching $1.47. 12,560 shares of the stock were exchanged, compared to its average volume of 659,076. Meiwu Technology has a 52 week low of $0.95 and a 52 week high of $70.00. The company has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.76.

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.