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

by · The Cerbat Gem

Marwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 41,071 shares, a decline of 42.6% from the August 31st total of 71,506 shares. Based on an average daily trading volume, of 143,552 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Marwynn Stock Performance

MWYN traded up $0.16 on Wednesday, reaching $1.16. 69,935 shares of the company’s stock were exchanged, compared to its average volume of 97,894. Marwynn has a twelve month low of $0.45 and a twelve month high of $1.44. The company’s 50 day moving average is $0.99 and its 200-day moving average is $0.90. The company has a market cap of $23.32 million, a price-to-earnings ratio of -16.50 and a beta of 3.81.

Marwynn (NASDAQ:MWYN – Get Free Report) last announced its quarterly earnings results on Monday, September 14th. The company reported ($0.01) earnings per share for the quarter. Marwynn had a negative net margin of 24.74% and a negative return on equity of 29.11%. The business had revenue of $1.09 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Report on Marwynn

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.

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