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

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 60,300 shares, an increase of 111.6% from the July 30th total of 28,500 shares. Based on an average daily trading volume, of 317,381 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Marwynn in the second quarter worth about $29,000. DRW Securities LLC purchased a new position in Marwynn during the 4th quarter valued at approximately $38,000. XTX Topco Ltd bought a new stake in Marwynn in the 2nd quarter worth approximately $39,000. Finally, Jane Street Group LLC purchased a new stake in shares of Marwynn during the 1st quarter worth approximately $141,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Marwynn Trading Down 0.8%

MWYN traded down $0.01 during trading on Friday, reaching $1.26. 101,387 shares of the company traded hands, compared to its average volume of 282,086. Marwynn has a 12-month low of $0.45 and a 12-month high of $2.35. The firm has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $0.85.

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

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.