Marwynn Holdings, Inc. (NASDAQ:MWYN) Sees Significant Decline in Short Interest

Marwynn Holdings, Inc. (NASDAQ:MWYNGet Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 78,482 shares, a drop of 30.1% from the March 15th total of 112,245 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 23,928 shares, the short-interest ratio is currently 3.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Stock Report on Marwynn

Hedge Funds Weigh In On Marwynn

A number of institutional investors and hedge funds have recently made changes to their positions in MWYN. Bank of America Corp DE purchased a new position in shares of Marwynn in the 2nd quarter worth $29,000. DRW Securities LLC purchased a new position in shares of Marwynn in the 4th quarter worth $38,000. XTX Topco Ltd purchased a new position in shares of Marwynn in the 2nd quarter worth $39,000. Finally, Jane Street Group LLC purchased a new position in shares of Marwynn in the 1st quarter worth $141,000.

Marwynn Stock Performance

MWYN opened at $0.62 on Tuesday. The stock has a market capitalization of $12.59 million and a price-to-earnings ratio of -1.25. The company has a fifty day moving average of $0.77 and a 200 day moving average of $0.89. Marwynn has a fifty-two week low of $0.60 and a fifty-two week high of $11.20.

Marwynn (NASDAQ:MWYNGet Free Report) last posted its earnings results on Tuesday, March 17th. The company reported ($0.03) earnings per share for the quarter. Marwynn had a negative net margin of 121.92% and a negative return on equity of 244.66%. The company had revenue of $1.38 million for the quarter.

About Marwynn

(Get Free Report)

Marwynn Holdings, Inc is a holding company with no operations other than holding the shares of its two wholly-owned operating subsidiaries, FuAn Enterprise, Inc (“FuAn”) and Grand Forest Cabinetry Inc (“Grand Forest”), that are in the supply chain business. Through our subsidiaries, we are committed to becoming a leading supply chain company in the U.S. for food, non-alcoholic beverages and indoor home improvement products. Food and Non-Alcoholic Beverages FuAn is a food and non-alcoholic beverage supply chain company that specializes in connecting businesses between different regions, particularly between Asia and the U.S.

Further Reading

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