Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Decreases By 52.8%

Meiwu Technology Company Limited (NASDAQ:WNW) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 11,305 shares, a drop of 52.8% from the January 15th total of 23,961 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 46,317 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 46,317 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Meiwu Technology Trading Down 2.7%

NASDAQ:WNW opened at $1.43 on Thursday. Meiwu Technology has a 52 week low of $0.95 and a 52 week high of $6.66. The firm has a 50-day moving average price of $1.53 and a two-hundred day moving average price of $1.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Meiwu Technology in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.