Short Interest in Marwynn Holdings, Inc. (NASDAQ:MWYN) Rises By 111.6%

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 60,300 shares, a growth of 111.6% from the July 30th total of 28,500 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 317,381 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Marwynn Trading Down 0.8%

Shares of Marwynn stock opened at $1.26 on Friday. The company has a fifty day simple moving average of $0.95 and a 200-day simple moving average of $0.85. Marwynn has a 12-month low of $0.45 and a 12-month high of $2.35. The stock has a market cap of $25.44 million, a price-to-earnings ratio of -5.73 and a beta of 3.57.

Marwynn (NASDAQ:MWYN) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.77 million during the quarter. Marwynn had a negative net margin of 59.88% and a negative return on equity of 134.21%.

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.