Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Down 30.4% in February

by · The Cerbat Gem

Marwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 135,739 shares, a decline of 30.4% from the February 12th total of 194,954 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 61,350 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 61,350 shares, the short-interest ratio is currently 2.2 days. Currently, 1.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on MWYN

Marwynn Trading Down 0.2%

MWYN traded down $0.00 on Friday, hitting $0.78. The company had a trading volume of 16,837 shares, compared to its average volume of 41,438. The business’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $0.94. Marwynn has a 12-month low of $0.67 and a 12-month high of $11.20. The company has a market cap of $15.72 million and a PE ratio of -1.66. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.95.

Marwynn (NASDAQ:MWYN – Get Free Report) last issued its quarterly earnings results on Monday, December 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter. Marwynn had a negative return on equity of 224.54% and a negative net margin of 94.65%.The company had revenue of $0.04 million during the quarter.

Hedge Funds Weigh In On Marwynn

Hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC bought a new stake in Marwynn in the fourth quarter worth about $38,000. Jane Street Group LLC bought a new position in shares of Marwynn during the first quarter valued at approximately $141,000. XTX Topco Ltd purchased a new stake in shares of Marwynn in the second quarter worth approximately $39,000. Finally, Bank of America Corp DE purchased a new stake in shares of Marwynn in the second quarter worth approximately $29,000.

About Marwynn

(Get Free Report)

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.

Read More