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

by · The Markets Daily

Marwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) 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. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 792,841 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 792,841 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Read Our Latest Report on MWYN

Marwynn Stock Performance

Shares of Marwynn stock traded up $0.03 on Wednesday, reaching $0.83. The stock had a trading volume of 5,992 shares, compared to its average volume of 440,585. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.94. The stock has a market cap of $16.76 million and a P/E ratio of -1.77. Marwynn has a fifty-two week low of $0.67 and a fifty-two week high of $11.20.

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

Institutional Investors Weigh In On Marwynn

Several hedge funds have recently modified their holdings of MWYN. Bank of America Corp DE acquired a new stake in shares of Marwynn in the second quarter worth $29,000. XTX Topco Ltd bought a new stake in Marwynn in the 2nd quarter valued at $39,000. Jane Street Group LLC bought a new stake in Marwynn in the 1st quarter valued at $141,000. Finally, DRW Securities LLC acquired a new stake in Marwynn in the 4th quarter worth $38,000.

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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