Short Interest in Marwynn Holdings, Inc. (NASDAQ:MWYN) Rises By 23.4%

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 31,517 shares, a growth of 23.4% from the January 15th total of 25,548 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 34,639 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 34,639 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Marwynn Stock Performance

NASDAQ:MWYN opened at $0.79 on Wednesday. The stock has a market capitalization of $15.93 million and a P/E ratio of -1.68. Marwynn has a 1 year low of $0.67 and a 1 year high of $11.20. The firm has a 50 day moving average of $0.88 and a 200-day moving average of $0.95. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.95.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Marwynn

Several hedge funds have recently bought and sold shares of MWYN. DRW Securities LLC acquired a new stake in Marwynn in the fourth quarter valued at about $38,000. Jane Street Group LLC acquired a new position in Marwynn in the 1st quarter worth about $141,000. XTX Topco Ltd acquired a new stake in shares of Marwynn during the second quarter valued at about $39,000. Finally, Bank of America Corp DE bought a new stake in shares of Marwynn during the second quarter worth about $29,000.

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.