Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Up 51.7% in December

by · The Cerbat Gem

Marwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 61,684 shares, an increase of 51.7% from the December 15th total of 40,670 shares. Based on an average daily trading volume, of 70,406 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,406 shares, the days-to-cover ratio is currently 0.9 days.

Insider Transactions at Marwynn

In related news, CFO Zhifen Zhou sold 2,843,568 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total value of $1,450,219.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Hong Le Liang sold 1,777,230 shares of Marwynn stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total value of $906,387.30. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 6,398,028 shares of company stock valued at $3,262,994. Company insiders own 29.78% of the company’s stock.

Institutional Trading of Marwynn

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on MWYN

Marwynn Trading Down 0.8%

Shares of Marwynn stock traded down $0.01 during trading on Friday, hitting $0.93. 18,304 shares of the company were exchanged, compared to its average volume of 39,688. 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 firm’s fifty day moving average price is $0.89 and its 200 day moving average price is $1.04. Marwynn has a 1-year low of $0.71 and a 1-year high of $11.20.

Marwynn (NASDAQ:MWYN – Get Free Report) last announced 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 during the quarter. Marwynn had a negative net margin of 94.65% and a negative return on equity of 224.54%.

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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