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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 25,548 shares, a decrease of 58.6% from the December 31st total of 61,684 shares. Based on an average trading volume of 38,645 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 38,645 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Insider Activity

In related news, CEO Yin Yan sold 1,777,230 shares of Marwynn stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total transaction of $906,387.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.78% of the company’s stock.

Institutional Investors Weigh In On Marwynn

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in Marwynn during the 2nd quarter valued at $29,000. XTX Topco Ltd acquired a new position in shares of Marwynn during the second quarter valued at about $39,000. Finally, Jane Street Group LLC bought a new stake in shares of Marwynn in the first quarter valued at about $141,000.

Marwynn Stock Performance

Shares of Marwynn stock traded down $0.04 on Friday, reaching $0.81. The stock had a trading volume of 23,853 shares, compared to its average volume of 35,438. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day moving average price is $0.90 and its two-hundred day moving average price is $1.00. The stock has a market cap of $16.27 million and a P/E ratio of -1.71. Marwynn has a fifty-two week low of $0.71 and a fifty-two week high of $11.20.

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