Marwynn Holdings, Inc. (NASDAQ:MWYN) Sees Significant Decline in Short Interest

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 78,482 shares, a drop of 30.1% from the March 15th total of 112,245 shares. Based on an average trading volume of 23,928 shares, the short-interest ratio is currently 3.3 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of Marwynn

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in shares of Marwynn during the 2nd quarter valued at $29,000. XTX Topco Ltd purchased a new position in Marwynn during the second quarter valued at $39,000. Jane Street Group LLC purchased a new position in Marwynn during the first quarter valued at $141,000. Finally, DRW Securities LLC purchased a new position in Marwynn during the fourth quarter valued at $38,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Marwynn Price Performance

Shares of MWYN stock opened at $0.62 on Tuesday. The company has a market capitalization of $12.59 million and a price-to-earnings ratio of -1.25. Marwynn has a one year low of $0.60 and a one year high of $11.20. The company’s fifty day moving average price is $0.77 and its 200-day moving average price is $0.89.

Marwynn (NASDAQ:MWYN) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $1.38 million for the quarter. Marwynn had a negative net margin of 121.92% and a negative return on equity of 244.66%.

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.