Meiwu Technology Company Limited (NASDAQ:WNW) Short Interest Down 73.2% in June

Meiwu Technology Company Limited (NASDAQ:WNW) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 8,553 shares, a decline of 73.2% from the May 31st total of 31,939 shares. Based on an average daily volume of 191,716 shares, the short-interest ratio is presently 0.0 days. Currently, 5.3% of the shares of the stock are sold short.

Meiwu Technology Trading Down 4.8%

NASDAQ:WNW opened at $3.36 on Friday. The company has a fifty day moving average of $3.62 and a 200-day moving average of $80.17. Meiwu Technology has a twelve month low of $2.25 and a twelve month high of $1,352.00.

Insider Buying and Selling at Meiwu Technology

In related news, major shareholder Financial Lp Hrt sold 9,054 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.66, for a total transaction of $33,137.64. Following the completion of the sale, the insider owned 13,918 shares in the company, valued at $50,939.88. This trade represents a 39.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WNW. Wall Street Zen lowered shares of Meiwu Technology to a “strong sell” rating in a report on Saturday, May 2nd. Weiss Ratings cut Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Meiwu Technology has an average 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.