Marwynn Holdings, Inc. (NASDAQ:MWYN) Shares Shorted: Short Interest Up 115.7% in September

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 88,598 shares, a growth of 115.7% from the September 15th total of 41,071 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 62,482 shares, the short-interest ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

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. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Marwynn Trading Down 5.5%

MWYN stock traded down $0.10 during mid-day trading on Thursday, hitting $1.81. 326,088 shares of the company were exchanged, compared to its average volume of 520,008. Marwynn has a 1-year low of $0.45 and a 1-year high of $1.94. The stock has a market capitalization of $36.65 million, a PE ratio of -25.92 and a beta of 3.94. The business has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $0.94.

Marwynn (NASDAQ:MWYN) last posted its 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%.

Marwynn Company Profile

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.