Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Grows By 113.7%

Meiwu Technology Company Limited (NASDAQ:WNW) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 29,638 shares, an increase of 113.7% from the July 15th total of 13,868 shares. Currently, 18.5% of the company’s shares are sold short. Based on an average daily volume of 180,390 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of research firms have recently commented on WNW. Weiss Ratings restated a “sell (e+)” rating on shares of Meiwu Technology in a report on Friday, July 31st. Wall Street Zen cut Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Meiwu Technology Trading Down 1.9%

Shares of NASDAQ:WNW opened at $2.56 on Friday. The stock has a 50-day simple moving average of $3.17 and a 200-day simple moving average of $43.33. Meiwu Technology has a 1 year low of $2.25 and a 1 year 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.