Short Interest in Marwynn Holdings, Inc. (NASDAQ:MWYN) Declines By 30.4%

Marwynn Holdings, Inc. (NASDAQ:MWYN) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 135,739 shares, a decrease of 30.4% from the February 12th total of 194,954 shares. Based on an average daily volume of 61,350 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% of the company’s shares are sold short. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 61,350 shares, the short-interest ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

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

Marwynn Stock Down 0.2%

MWYN traded down $0.00 during midday trading on Friday, hitting $0.78. The company had a trading volume of 16,837 shares, compared to its average volume of 47,935. Marwynn has a 52 week low of $0.67 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 company has a market capitalization of $15.72 million and a price-to-earnings ratio of -1.66. The stock’s 50 day moving average price is $0.84 and its 200 day moving average price is $0.93.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in Marwynn in the second quarter valued at approximately $29,000. DRW Securities LLC bought a new stake in shares of Marwynn during the fourth quarter valued at approximately $38,000. XTX Topco Ltd acquired a new position in shares of Marwynn during the second quarter worth approximately $39,000. Finally, Jane Street Group LLC bought a new position in shares of Marwynn in the 1st quarter worth $141,000.

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.