Marwynn Holdings, Inc. (NASDAQ:MWYN – Get 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
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:MWYN – Get 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
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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