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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 466,419 shares, a growth of 364.2% from the October 15th total of 100,487 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily volume of 653,088 shares, the days-to-cover ratio is presently 0.7 days.

Marwynn Stock Up 3.7%

Shares of MWYN traded up $0.05 during midday trading on Wednesday, reaching $1.39. 17,569 shares of the stock were exchanged, compared to its average volume of 511,890. Marwynn has a 12-month low of $0.45 and a 12-month high of $2.80. The firm has a 50 day simple moving average of $1.44 and a 200-day simple moving average of $1.00. The company has a market cap of $33.60 million, a price-to-earnings ratio of -19.84 and a beta of 3.08.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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. According to MarketBeat, Marwynn presently has a consensus 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. FuAn’s comprehensive supply chain services include the sourcing of Asian food, snacks, and non-alcoholic beverages, and distributing branded goods to mainstream markets, grocery stores and wholesale/warehouse clubs in the U.S. In addition, FuAn provides supply chain consulting, and market expansion support for businesses.