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

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 88,598 shares, an increase of 115.7% from the September 15th total of 41,071 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 62,482 shares, the days-to-cover ratio is currently 1.4 days.

Analysts Set New Price Targets

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

Marwynn Stock Up 17.8%

Shares of MWYN traded up $0.24 on Tuesday, reaching $1.62. The stock had a trading volume of 201,008 shares, compared to its average volume of 518,955. Marwynn has a twelve month low of $0.45 and a twelve month high of $1.65. The firm has a market capitalization of $32.81 million, a PE ratio of -23.50 and a beta of 3.94. The firm has a 50-day moving average of $1.09 and a 200 day moving average of $0.93.

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