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

Meiwu Technology Company Limited (NASDAQ:WNW) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 318,895 shares, an increase of 5,086.1% from the August 15th total of 6,149 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 2,678,960 shares, the days-to-cover ratio is presently 0.1 days.

Meiwu Technology Stock Performance

WNW stock opened at $2.31 on Friday. The business has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $23.21. Meiwu Technology has a 52 week low of $2.25 and a 52 week high of $1,352.00.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Meiwu Technology in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.