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

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

Institutional Investors Weigh In On Marwynn

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in Marwynn in the 2nd quarter worth approximately $29,000. DRW Securities LLC purchased a new stake in shares of Marwynn in the fourth quarter valued at $38,000. XTX Topco Ltd purchased a new position in shares of Marwynn during the second quarter valued at $39,000. Finally, Jane Street Group LLC acquired a new position in Marwynn during the first quarter valued at $141,000.

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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Marwynn Stock Performance

Marwynn stock traded up $0.01 during midday trading on Friday, reaching $0.81. 9,675 shares of the stock traded hands, compared to its average volume of 243,579. Marwynn has a fifty-two week low of $0.67 and a fifty-two week high of $11.20. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.95. The firm has a market cap of $16.30 million and a price-to-earnings ratio of -1.72. The firm has a fifty day moving average price of $0.86 and a two-hundred day moving average price of $0.94.

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

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.