Meiwu Technology Company Limited (NASDAQ:WNW – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 13,868 shares, a decrease of 55.9% from the June 30th total of 31,458 shares. Approximately 8.7% of the company’s shares are short sold. Based on an average trading volume of 202,979 shares, the short-interest ratio is currently 0.1 days.
Insider Buying and Selling at Meiwu Technology
In other news, major shareholder Financial Lp Hrt sold 9,054 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.66, for a total transaction of $33,137.64. Following the completion of the sale, the insider directly owned 13,918 shares of the company’s stock, valued at $50,939.88. The trade was a 39.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Wall Street Analyst Weigh In
WNW has been the topic of a number of recent research reports. Weiss Ratings cut Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Meiwu Technology Price Performance
Shares of WNW stock traded up $0.02 on Wednesday, hitting $2.49. The stock had a trading volume of 39,629 shares, compared to its average volume of 969,578. The stock’s 50 day moving average is $3.41 and its 200-day moving average is $57.77. Meiwu Technology has a 52-week low of $2.25 and a 52-week 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.
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