Marwynn Holdings, Inc. (NASDAQ:MWYN) Sees Large Decline in Short Interest

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a significant drop in short interest in 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. Based on an average daily trading volume, of 143,552 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research report on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Marwynn presently has an average rating of “Sell”.

Marwynn Stock Performance

Shares of NASDAQ:MWYN traded up $0.16 during trading on Wednesday, hitting $1.16. The company’s stock had a trading volume of 69,935 shares, compared to its average volume of 97,894. The company has a market capitalization of $23.32 million, a PE ratio of -16.50 and a beta of 3.81. Marwynn has a fifty-two week low of $0.45 and a fifty-two week high of $1.44. The stock’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $0.90.

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