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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 28,500 shares, a decrease of 59.6% from the July 15th total of 70,592 shares. Based on an average daily trading volume, of 334,519 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Marwynn Price Performance

Marwynn stock traded up $0.10 during trading hours on Friday, hitting $1.04. The company had a trading volume of 215,720 shares, compared to its average volume of 345,675. The company has a 50-day moving average price of $0.94 and a two-hundred day moving average price of $0.83. Marwynn has a 1 year low of $0.45 and a 1 year high of $2.35.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. DRW Securities LLC purchased a new stake in shares of Marwynn in the 4th quarter worth $38,000. Jane Street Group LLC purchased a new position in shares of Marwynn during the first quarter valued at $141,000. XTX Topco Ltd purchased a new position in shares of Marwynn during the second quarter valued at $39,000. Finally, Bank of America Corp DE purchased a new position in shares of Marwynn during the second quarter valued at $29,000.

Wall Street Analyst Weigh In

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