Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Up 257.1% in April

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 260,335 shares, a growth of 257.1% from the April 15th total of 72,902 shares. Based on an average trading volume of 5,939,251 shares, the short-interest ratio is presently 0.0 days. Currently, 1.8% of the company’s shares are short sold.

Marwynn Trading Up 5.3%

NASDAQ MWYN traded up $0.04 on Friday, reaching $0.87. 164,720 shares of the stock traded hands, compared to its average volume of 3,457,080. The company has a fifty day moving average price of $0.72 and a 200-day moving average price of $0.82. Marwynn has a 12 month low of $0.45 and a 12 month high of $11.20.

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

Institutional Investors Weigh In On Marwynn

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in Marwynn during the 2nd quarter valued at $29,000. XTX Topco Ltd bought a new stake in Marwynn during the 2nd quarter valued at $39,000. Jane Street Group LLC bought a new stake in Marwynn during the 1st quarter valued at $141,000. Finally, DRW Securities LLC bought a new stake in Marwynn during the 4th quarter valued at $38,000.

Wall Street Analysts Forecast Growth

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

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.