Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Down 58.6% in January
by Danessa Lincoln · The Markets DailyMarwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 25,548 shares, a drop of 58.6% from the December 31st total of 61,684 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 38,645 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 38,645 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Read Our Latest Research Report on Marwynn
Marwynn Stock Down 5.9%
MWYN stock traded down $0.05 during midday trading on Thursday, hitting $0.84. 48,873 shares of the stock traded hands, compared to its average volume of 32,994. Marwynn has a 1-year low of $0.71 and a 1-year high of $11.20. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $0.90 and its 200-day simple moving average is $1.00.
Marwynn (NASDAQ:MWYN – Get Free Report) last released its quarterly earnings results on Monday, December 22nd. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $0.04 million for the quarter. Marwynn had a negative return on equity of 224.54% and a negative net margin of 94.65%.
Insider Buying and Selling
In other news, CEO Yin Yan sold 1,777,230 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $0.51, for a total value of $906,387.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 29.78% of the stock is owned by insiders.
Institutional Trading of Marwynn
Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in Marwynn in the first quarter valued at $141,000. XTX Topco Ltd purchased a new position in shares of Marwynn during the 2nd quarter worth approximately $39,000. Finally, Bank of America Corp DE acquired a new position in shares of Marwynn during the 2nd quarter worth $29,000.
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.