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

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 41,071 shares, a drop of 42.6% from the August 31st total of 71,506 shares. Based on an average daily volume of 143,552 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Marwynn Trading Down 12.0%

MWYN traded down $0.13 during trading on Thursday, hitting $0.99. 29,955 shares of the company’s stock were exchanged, compared to its average volume of 530,884. The stock has a 50 day moving average price of $0.99 and a 200 day moving average price of $0.90. Marwynn has a 1 year low of $0.45 and a 1 year high of $1.44. The firm has a market cap of $19.91 million, a P/E ratio of -14.08 and a beta of 3.81.

Marwynn (NASDAQ:MWYN) last issued its quarterly earnings data on Monday, September 14th. The company reported ($0.01) earnings per share for the quarter. Marwynn had a negative net margin of 24.74% and a negative return on equity of 29.11%. The company had revenue of $1.09 million for 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.