Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Increases By 7,867.0%

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,314,816 shares, an increase of 7,867.0% from the March 15th total of 29,055 shares. Currently, 1,446.8% of the company’s stock are sold short. Based on an average daily trading volume, of 104,644,334 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Meiwu Technology Trading Down 3.9%

Shares of NASDAQ WNW opened at $3.44 on Friday. Meiwu Technology has a twelve month low of $3.30 and a twelve month high of $1,352.00. The business has a 50 day simple moving average of $101.53 and a 200-day simple moving average of $141.70.

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.