Marwynn Holdings, Inc. (NASDAQ:MWYN) Stock Short Interest Climbs 364.2%

Marwynn Holdings, Inc. (NASDAQ:MWYN) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 466,419 shares, a growth of 364.2% from the October 15th total of 100,487 shares. Based on an average daily volume of 653,088 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.6% of the shares of the stock are sold short.

Marwynn Trading Down 6.8%

MWYN stock traded down $0.10 during midday trading on Thursday, reaching $1.36. 123,538 shares of the company traded hands, compared to its average volume of 430,152. Marwynn has a 52-week low of $0.45 and a 52-week high of $2.80. The business has a 50 day moving average of $1.44 and a 200-day moving average of $1.00.

Marwynn (NASDAQ:MWYN) last released its earnings results 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.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently 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. FuAn’s comprehensive supply chain services include the sourcing of Asian food, snacks, and non-alcoholic beverages, and distributing branded goods to mainstream markets, grocery stores and wholesale/warehouse clubs in the U.S. In addition, FuAn provides supply chain consulting, and market expansion support for businesses.