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

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 47,000 shares, an increase of 76.7% from the August 31st total of 26,600 shares. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is currently 0.7 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Meiwu Technology in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Meiwu Technology Stock Down 4.5%

Shares of NASDAQ:WNW opened at $1.89 on Friday. The stock’s 50-day moving average price is $1.89. Meiwu Technology has a 12 month low of $0.95 and a 12 month high of $70.00.

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.