Marwynn Holdings, Inc. (NASDAQ:MWYN) Sees Significant Drop in Short Interest

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 112,245 shares, a drop of 17.3% from the February 26th total of 135,739 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 18,323 shares, the short-interest ratio is currently 6.1 days.

Hedge Funds Weigh In On Marwynn

Several institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC bought a new stake in shares of Marwynn in the fourth quarter worth $38,000. Jane Street Group LLC bought a new position in Marwynn during the 1st quarter valued at $141,000. XTX Topco Ltd bought a new position in Marwynn during the 2nd quarter valued at $39,000. Finally, Bank of America Corp DE acquired a new position in Marwynn during the 2nd quarter worth $29,000.

Marwynn Stock Performance

Shares of NASDAQ MWYN opened at $0.74 on Monday. Marwynn has a 1 year low of $0.67 and a 1 year high of $11.20. The stock’s 50-day simple moving average is $0.81 and its 200-day simple moving average is $0.93. The firm has a market cap of $14.96 million and a price-to-earnings ratio of -1.48.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Marwynn Company Profile

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.