Marwynn Holdings, Inc. (NASDAQ:MWYN) Short Interest Up 51.7% in December

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 61,684 shares, a growth of 51.7% from the December 15th total of 40,670 shares. Based on an average trading volume of 70,406 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 70,406 shares, the days-to-cover ratio is presently 0.9 days.

Insider Buying and Selling at Marwynn

In other Marwynn news, CFO Zhifen Zhou sold 2,843,568 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total value of $1,450,219.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Hong Le Liang sold 1,777,230 shares of Marwynn stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total transaction of $906,387.30. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,398,028 shares of company stock worth $3,262,994 over the last quarter. 29.78% of the stock is currently owned by insiders.

Institutional Trading of Marwynn

Several hedge funds have recently added to or reduced their stakes in MWYN. Jane Street Group LLC acquired a new position in Marwynn in the 1st quarter valued at $141,000. XTX Topco Ltd bought a new position in Marwynn during the 2nd quarter worth $39,000. Finally, Bank of America Corp DE bought a new position in Marwynn during the 2nd quarter worth $29,000.

Marwynn Stock Performance

Shares of NASDAQ:MWYN traded down $0.01 on Friday, hitting $0.93. The company had a trading volume of 18,304 shares, compared to its average volume of 39,688. The stock has a market cap of $18.78 million and a price-to-earnings ratio of -1.98. The stock has a 50 day moving average price of $0.89 and a 200 day moving average price of $1.04. Marwynn has a 1-year low of $0.71 and a 1-year high of $11.20. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.95.

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

Analyst Upgrades and Downgrades

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

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.