Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Update

Marwynn Holdings, Inc. (NASDAQ:MWYNGet Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 60,300 shares, an increase of 111.6% from the July 30th total of 28,500 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 317,381 shares, the days-to-cover ratio is currently 0.2 days.

Marwynn Price Performance

Shares of MWYN stock opened at $1.26 on Monday. Marwynn has a 12 month low of $0.45 and a 12 month high of $2.35. The firm has a market capitalization of $25.44 million, a P/E ratio of -5.73 and a beta of 3.58. The company’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $0.85.

Marwynn (NASDAQ:MWYNGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.02 earnings per share for the quarter. Marwynn had a negative return on equity of 134.21% and a negative net margin of 59.88%.The company had revenue of $2.77 million during the quarter.

Institutional Investors Weigh In On Marwynn

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE purchased a new stake in Marwynn during the 2nd quarter worth approximately $29,000. DRW Securities LLC purchased a new position in shares of Marwynn during the 4th quarter valued at approximately $38,000. XTX Topco Ltd acquired a new stake in shares of Marwynn during the second quarter worth approximately $39,000. Finally, Jane Street Group LLC acquired a new stake in shares of Marwynn during the first quarter worth approximately $141,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Marwynn

Marwynn Company Profile

(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.

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