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

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw 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 trading volume of 334,519 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Marwynn

A number of large investors have recently modified their holdings of MWYN. DRW Securities LLC purchased a new position in shares of Marwynn during the 4th quarter worth approximately $38,000. Jane Street Group LLC purchased a new position in Marwynn during the first quarter valued at $141,000. XTX Topco Ltd purchased a new position in Marwynn during the second quarter valued at $39,000. Finally, Bank of America Corp DE bought a new stake in shares of Marwynn during the 2nd quarter valued at $29,000.

Marwynn Price Performance

NASDAQ MWYN opened at $1.04 on Monday. The company has a market capitalization of $21.00 million, a price-to-earnings ratio of -4.73 and a beta of 3.58. The stock’s 50-day simple moving average is $0.94 and its two-hundred day simple moving average is $0.83. Marwynn has a twelve month low of $0.45 and a twelve month high of $2.35.

Marwynn (NASDAQ:MWYN) last issued its earnings results on Thursday, July 30th. The company reported $0.02 EPS for the quarter. Marwynn had a negative net margin of 59.88% and a negative return on equity of 134.21%. The company had revenue of $2.77 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Marwynn presently has a consensus rating of “Sell”.

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.