Marwynn Holdings, Inc. (NASDAQ:MWYN) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Marwynn Trading Down 1.3%

Marwynn stock traded down $0.02 during mid-day trading on Friday, hitting $1.34. The company had a trading volume of 157,970 shares, compared to its average volume of 509,084. The company has a market capitalization of $32.46 million, a price-to-earnings ratio of -19.17 and a beta of 3.08. Marwynn has a 12-month low of $0.45 and a 12-month high of $2.80. The company’s fifty day moving average is $1.44 and its 200-day moving average is $1.00.

Marwynn (NASDAQ:MWYN) last announced its quarterly earnings results 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. 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.