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

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. DRW Securities LLC bought a new position in Marwynn in the 4th quarter valued at $38,000. Jane Street Group LLC acquired a new position in shares of Marwynn during the first quarter valued at $141,000. XTX Topco Ltd acquired a new position in shares of Marwynn during the second quarter valued at $39,000. Finally, Bank of America Corp DE bought a new position in Marwynn in the second quarter valued at about $29,000.

Analysts Set New Price Targets

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

Marwynn Stock Performance

Marwynn stock traded up $0.10 on Friday, reaching $1.04. The company’s stock had a trading volume of 215,720 shares, compared to its average volume of 345,675. The business’s fifty day moving average price is $0.94 and its 200 day moving average price is $0.83. The company has a market cap of $21.00 million, a price-to-earnings ratio of -4.73 and a beta of 3.57. Marwynn has a twelve month low of $0.45 and a twelve month high of $2.35.

Marwynn (NASDAQ:MWYN) last released its quarterly 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 during 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.