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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 112,245 shares, a decrease of 17.3% from the February 26th total of 135,739 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 18,323 shares, the days-to-cover ratio is currently 6.1 days.

Marwynn Stock Performance

MWYN stock opened at $0.74 on Monday. The stock’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.93. Marwynn has a 12-month low of $0.67 and a 12-month high of $11.20. The firm has a market cap of $14.96 million and a P/E ratio of -1.48.

Marwynn (NASDAQ:MWYN) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.03) EPS for the quarter. Marwynn had a negative return on equity of 244.66% and a negative net margin of 121.92%.The business had revenue of $1.38 million during the quarter.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in shares of Marwynn during the 2nd quarter valued at about $29,000. DRW Securities LLC bought a new position in Marwynn in the fourth quarter worth about $38,000. XTX Topco Ltd bought a new position in Marwynn in the second quarter worth about $39,000. Finally, Jane Street Group LLC acquired a new position in Marwynn in the first quarter valued at approximately $141,000.

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.