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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 61,684 shares, a growth of 51.7% from the December 15th total of 40,670 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 70,406 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 70,406 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, CEO Yin Yan sold 1,777,230 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total transaction of $906,387.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Zhifen Zhou sold 2,843,568 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total transaction of $1,450,219.68. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,398,028 shares of company stock worth $3,262,994. 29.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marwynn

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Marwynn in the first quarter valued at approximately $141,000. XTX Topco Ltd acquired a new stake in shares of Marwynn in the 2nd quarter valued at $39,000. Finally, Bank of America Corp DE bought a new stake in Marwynn in the second quarter worth $29,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Marwynn presently has a consensus rating of “Sell”.

Marwynn Stock Down 0.8%

Marwynn stock traded down $0.01 during mid-day trading on Friday, hitting $0.93. The company’s stock had a trading volume of 18,304 shares, compared to its average volume of 39,688. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.28 and a quick ratio of 1.28. Marwynn has a 52-week low of $0.71 and a 52-week high of $11.20. The firm’s 50 day moving average is $0.89 and its 200 day moving average is $1.04. The company has a market cap of $18.78 million and a PE ratio of -1.98.

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