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

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 29,055 shares, a growth of 46.3% from the February 26th total of 19,861 shares. Based on an average daily trading volume, of 25,810 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Meiwu Technology in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Meiwu Technology Stock Down 5.6%

Shares of NASDAQ WNW opened at $0.09 on Friday. Meiwu Technology has a fifty-two week low of $0.08 and a fifty-two week high of $13.52. The firm’s 50-day simple moving average is $1.32 and its 200 day simple moving average is $1.56.

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.