Marwynn Holdings, Inc. (NASDAQ:MWYN) Stock Short Interest Falls 42.6%

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 41,071 shares, a drop of 42.6% from the August 31st total of 71,506 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 143,552 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Marwynn Price Performance

Shares of MWYN stock traded up $0.04 during trading hours on Friday, hitting $1.04. The company had a trading volume of 4,668 shares, compared to its average volume of 528,086. Marwynn has a fifty-two week low of $0.45 and a fifty-two week high of $1.44. The company’s fifty day moving average is $1.00 and its 200 day moving average is $0.90. The stock has a market capitalization of $21.10 million, a PE ratio of -14.93 and a beta of 3.95.

Marwynn (NASDAQ:MWYN) last issued its quarterly earnings results on Monday, September 14th. The company reported ($0.01) EPS for the quarter. The business had revenue of $1.09 million during the quarter. Marwynn had a negative net margin of 24.74% and a negative return on equity of 29.11%.

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.