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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 25,548 shares, a decline of 58.6% from the December 31st total of 61,684 shares. Based on an average daily volume of 38,645 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 38,645 shares, the short-interest ratio is presently 0.7 days.

Marwynn Stock Down 5.9%

MWYN stock traded down $0.05 during trading on Thursday, hitting $0.84. 48,873 shares of the company’s stock traded hands, compared to its average volume of 32,994. Marwynn has a 52 week low of $0.71 and a 52 week 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 has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $1.00.

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

Insider Buying and Selling

In other news, CEO Yin Yan sold 1,777,230 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total value of $906,387.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 29.78% of the company’s stock.

Hedge Funds Weigh In On Marwynn

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Marwynn during the 1st quarter valued at about $141,000. XTX Topco Ltd acquired a new position in Marwynn in the 2nd quarter valued at $39,000. Finally, Bank of America Corp DE bought a new position in Marwynn during the second quarter worth $29,000.

Analyst Ratings Changes

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

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.