Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Up 5,086.1% in August

Meiwu Technology Company Limited (NASDAQ:WNW) saw a large increase in short interest during the month of 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. Based on an average daily volume of 2,678,960 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Meiwu Technology Price Performance

Shares of NASDAQ WNW opened at $2.31 on Friday. The business’s 50-day simple moving average is $2.78 and its 200-day simple moving average is $24.16. Meiwu Technology has a 52 week low of $2.25 and a 52 week high of $1,352.00.

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.