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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 260,335 shares, a growth of 257.1% from the April 15th total of 72,902 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 5,939,251 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Marwynn

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in Marwynn during the second quarter worth approximately $29,000. DRW Securities LLC purchased a new stake in Marwynn during the fourth quarter worth approximately $38,000. XTX Topco Ltd purchased a new stake in Marwynn during the second quarter worth approximately $39,000. Finally, Jane Street Group LLC purchased a new stake in Marwynn during the first quarter worth approximately $141,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Marwynn Stock Performance

Shares of MWYN traded up $0.01 during midday trading on Thursday, hitting $0.83. The company had a trading volume of 91,329 shares, compared to its average volume of 863,896. The company’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.82. The firm has a market capitalization of $16.69 million, a P/E ratio of -1.65 and a beta of 3.51. Marwynn has a 1 year low of $0.45 and a 1 year high of $11.20.

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

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.