Marwynn Holdings, Inc. (NASDAQ:MWYN) Shares Shorted: Short Interest Up 115.7% in September

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

Analyst Upgrades and Downgrades

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

Marwynn Stock Up 17.8%

NASDAQ MWYN traded up $0.24 during trading hours on Tuesday, hitting $1.62. The company’s stock had a trading volume of 201,008 shares, compared to its average volume of 518,955. Marwynn has a twelve month low of $0.45 and a twelve month high of $1.65. The firm has a market capitalization of $32.81 million, a P/E ratio of -23.50 and a beta of 3.94. The stock has a fifty day moving average of $1.09 and a 200 day moving average of $0.93.

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

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.