Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Down 79.3% in August

Meiwu Technology Company Limited (NASDAQ:WNW) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 6,149 shares, a decline of 79.3% from the July 30th total of 29,638 shares. Based on an average daily volume of 119,506 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Meiwu Technology Price Performance

Shares of Meiwu Technology stock traded up $0.83 during trading on Thursday, reaching $3.31. The company’s stock had a trading volume of 15,969,063 shares, compared to its average volume of 705,663. Meiwu Technology has a 52-week low of $2.25 and a 52-week high of $1,352.00. The firm’s 50-day moving average is $3.02 and its two-hundred day moving average is $34.16.

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.