Marwynn Holdings, Inc. (NASDAQ:MWYN) Stock Short Interest Report for September

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

Marwynn Stock Up 20.0%

Shares of MWYN stock traded up $0.32 on Wednesday, reaching $1.92. 802,715 shares of the stock were exchanged, compared to its average volume of 520,940. The stock has a market cap of $38.76 million, a P/E ratio of -27.42 and a beta of 3.94. The firm has a 50 day moving average of $1.11 and a two-hundred day moving average of $0.93. Marwynn has a 1-year low of $0.45 and a 1-year high of $1.92.

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

Analyst Upgrades and Downgrades

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

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.