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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 194,954 shares, an increase of 518.6% from the January 29th total of 31,517 shares. Based on an average trading volume of 792,841 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.4% of the company’s shares are sold short. Currently, 1.4% of the company’s shares are sold short. Based on an average trading volume of 792,841 shares, the days-to-cover ratio is presently 0.2 days.

Marwynn Trading Down 3.0%

NASDAQ:MWYN traded down $0.02 during trading hours on Thursday, hitting $0.81. The company had a trading volume of 13,651 shares, compared to its average volume of 249,498. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a 50-day moving average price of $0.86 and a 200 day moving average price of $0.94. The company has a market capitalization of $16.25 million and a PE ratio of -1.71. Marwynn has a 52 week low of $0.67 and a 52 week high of $11.20.

Marwynn (NASDAQ:MWYN) last released its quarterly earnings results on Monday, December 22nd. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.04 million for the quarter. Marwynn had a negative net margin of 94.65% and a negative return on equity of 224.54%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Marwynn has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in Marwynn during the second quarter worth about $29,000. XTX Topco Ltd bought a new position in shares of Marwynn in the second quarter worth approximately $39,000. Jane Street Group LLC purchased a new stake in shares of Marwynn during the 1st quarter valued at about $141,000. Finally, DRW Securities LLC bought a new stake in shares of Marwynn in the fourth quarter worth approximately $38,000.

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.