Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Update

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

Meiwu Technology Stock Down 1.9%

Shares of Meiwu Technology stock opened at $2.56 on Friday. The company has a 50-day moving average of $3.17 and a two-hundred day moving average of $44.05. Meiwu Technology has a 12-month low of $2.25 and a 12-month high of $1,352.00.

Analysts Set New Price Targets

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

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.