Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Up 111.6% in August

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. Based on an average daily volume of 317,381 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Institutional Trading of Marwynn

Several hedge funds have recently made changes to their positions in the company. DRW Securities LLC acquired a new position in shares of Marwynn during the fourth quarter worth about $38,000. Jane Street Group LLC purchased a new position in Marwynn during the first quarter worth about $141,000. XTX Topco Ltd acquired a new stake in Marwynn in the second quarter valued at about $39,000. Finally, Bank of America Corp DE purchased a new stake in Marwynn in the 2nd quarter valued at approximately $29,000.

Marwynn Trading Down 0.8%

NASDAQ:MWYN opened at $1.26 on Friday. The firm has a market cap of $25.44 million, a P/E ratio of -5.73 and a beta of 3.57. The stock’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $0.85. Marwynn has a 12-month low of $0.45 and a 12-month high of $2.35.

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

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.