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

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 28,500 shares, a decrease of 59.6% from the July 15th total of 70,592 shares. Based on an average trading volume of 334,519 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Marwynn

A number of institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC purchased a new position in Marwynn in the fourth quarter valued at about $38,000. Bank of America Corp DE bought a new position in Marwynn in the second quarter worth about $29,000. XTX Topco Ltd purchased a new stake in shares of Marwynn during the second quarter valued at about $39,000. Finally, Jane Street Group LLC purchased a new stake in shares of Marwynn during the first quarter valued at about $141,000.

Marwynn Stock Up 10.4%

Marwynn stock traded up $0.10 during mid-day trading on Friday, reaching $1.04. 215,720 shares of the company were exchanged, compared to its average volume of 345,675. The business has a fifty day moving average of $0.94 and a 200 day moving average of $0.83. Marwynn has a 12-month low of $0.45 and a 12-month high of $2.35.

Marwynn (NASDAQ:MWYN) last announced its earnings results on Thursday, July 30th. The company reported $0.02 earnings per share (EPS) for the quarter. Marwynn had a negative return on equity of 134.21% and a negative net margin of 59.88%.The business had revenue of $2.77 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.