Meiwu Technology Company Limited (NASDAQ:WNW – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 29,638 shares, an increase of 113.7% from the July 15th total of 13,868 shares. Approximately 18.5% of the shares of the stock are short sold. Based on an average trading volume of 180,390 shares, the short-interest ratio is presently 0.2 days.
Meiwu Technology Price Performance
Shares of WNW stock opened at $2.56 on Friday. The firm has a 50-day moving average price of $3.17 and a 200 day moving average price of $44.05. Meiwu Technology has a twelve month low of $2.25 and a twelve month high of $1,352.00.
Analyst Ratings Changes
Several brokerages have issued reports on WNW. Wall Street Zen downgraded shares of 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, According to data from MarketBeat.com, the company 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.
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